I need to RANT because some posts have not been taken to task. Some of this post is a repeat of my earlier posts.
The why for everything that happens, happens. It is because Cynthia BELIEVES this is required and will seal the deal and nothing we post will change that. In so far as proving that this is a massive find and will become the blueprint of what to look for and how exploration is done in the future. She was confident that she could prove enough gold to generate a profitable mine but what they discovered last year has, I believe, surprised her. Quote “the significance of which is now more clearly understood, may indicate potential that was previously overlooked“
They are looking to find specific points concentrations of gold to prove what discovered last year. “LAURION aims to locate where one or both of the two foundational mineralizing events were sufficiently well focused within one or more portions of this corridor.”
The 5000’ drill plan ( small by comparison to previous drilling) was to have started in May but I think the initial results of the revisiting and relogging weren’t definitive enough to target their HolyGrail of concentration points. This may have lead to the sudden aerial survey to pinpoint where the drills will target. Rescheduling the actual drills is likely causing the delay in announcing the start of drilling but it will happen buyout or not. They will continue with business as usual until they sell, but not because they don’t have enough money or stupidly put, it’s too expensive (or more expressively, a more offensive term for stupidly) as they have more than enough cash to drill 15000’ for the next two years without another significant investment.
I have no doubt that they have proven reserves in excess of the 3 million I’ve seen posted ( in excess of 10 million more likely) and thus the reason they rejected the rumoured $4/share bid mentioned awhile ago. Of course they know what they have proven in the ground and that number is updated every time they get a new assay. I feel they believe they are going to PROVE far in excess of the original estimate of 10M GEOs.
As far as the person ( put in any derogatory comment you can think of instead of person) that suggested they were taking a prospective buyer to see the claim, you are a moron (that’s more expressive) . This isn’t a fixer upper that you leave your parents basement to show to your buddy, while pretending to be a real estate salesperson, to see what needs to be fixed before you flip it. ( Noted some of you took him to task, it was not strong enough). We who have been here for years and have spoken with Cynthia and Roger know how they do business and it does not get done by espousing your whining to people on this “for entertainment only bullboard “ in hopes of getting a visit. You are delusional.
Family and friends dumping because this is a pump and dump. IDIOT. As someone else and I have said before, it would take months or years to get rid of 200 ++ million shares at the current daily volume. F’k , it would take some of those I know on this site alone and I , 2-3 months or more to sell without affecting the market.
Not answering your comments on LinkedIn does not mean she won’t answer an email if you are sincerely asking her questions. She never answers in-depth on LinkedIn. I honestly doubt most of the complainers have ever asked her a question directly as I have always been impressed by her honesty and sincerity in every response I have seen. Roger included. If you have been cut off from Roger’s post then you probably misused his information or reposted what you learned inappropriately.
3-4 pick axes dumbly posted !! Just get lost. If you’re due diligence involves looking at one picture then please just go back to your grade 9 social studies class and forget investing.
If I missed commenting on your specific dumb comment, please don’t be offended and just let me know and I will try to explain why your theory is incorrect or worse. I’ve been on vacation trying to ignore most and as crazy as some of the posted theories have been I am trying to ignore it. Sorry to the dumb dumbs that got hit tonight but I think you deserved it.
Please do not stop the discussion of how much money we will have or buying dinners or posting real information. Just don’t post things you’re not willing to back up with evidence.
Next PR will be the announcement of the AGM in Aug or that they are initiating this year’s drilling. Don’t expect any results from the heli survey. Or the B/O.
Rant over. Cheers to everyone else.
Matlas, Tuscany,Lambo and other sane posters. I’ll buy dinner for you too. Probably shouldn't post when angry as I had to reword my vitriol to get it past the abuse AI police.