Post by
Exploration2019 on Nov 26, 2024 8:27pm
Assay Anticipation
As someone who works in exploration I cannot believe we have not received any assay results yet. The best thing for traction/investors would be to trickle feed the assays out over several announcements, which judging from the radio silence does not appear to be what Goliath are going to do... With over 30km of drilling outstanding, I cannot believe at least 20% of these have not been finalised yet.
This leads me to infer several possible scenarios:
1. Assays are underwhelming (least likely based on amount of VG) and the company are scrambling to write a magical story to try and pump-up the results.
2. The company have been approached by an external party, who are currently running DD on the project, we are currently in a blackout period. This could be similar to Great Bear, where a company notices the potential and wants to acquire the project before a resource is announced, which going on numbers and estimates to date could be >10Moz AuEq. Barrick mentioned a few months back they like Canada, and this could be a nice asset for them to develop for their longterm reserves. If we pretended this scenario was true, I would hope we would get a TO offer in the US 7-900million range.
3. All this is wrong and management are just poor at communicating to shareholders.
Comment by
Galaxym31 on Nov 26, 2024 10:53pm
They have been very outgoing with drill core photos and maps etc, as well Crescat was very big on videos and interviews. over 20 million $$ was raise without a peep re assays . Since the October 25 video silence . I"m So Excited . Pointer Sisters .
Comment by
Exploration2019 on Nov 26, 2024 11:49pm
Agree with the comments regarding visuals and their update on them, but to have 105 holes with pending assays, some of which must have been received months ago is not good corporate management. Results should be released as they are received/QAQC'd. Visuals are great but they mean nothing until you back them up with actual numbers.