Post by
Massivesulfide on May 29, 2023 4:17pm
Corporate Update
Once again I did the unthinkable and called head office to speak with Jennifer and get corporate information. To sum, Chad started drilling last Tuesday and expects to wrap up end of June or first week of July. If results look promising, then it may be extended and delay North Rackla. Further, South Africa geo-technical plan has been approved but legal assent for permit is still in limbo the political situation being what it is in South Africa these days. Chuck is busy contemplating a plan whether to drill North Rackla. He continues to engage interested parties and review the progress of the site. Jen said normally Quebec would be drillable at least a month before Yukon, but this year the weather reversed itself. Finally, I asked her if the company could communicate more often to shareholders, and she said it could but given how stretched the team is she was not not sure if it would be beneficial to shareholders or share price movement one way or the other. She expects that when Chuck decides it's time to sell, she will be finding out at the same time as everyone else.
Comment by
Massivesulfide on May 30, 2023 6:59am
My bad. I did forget to ask about Morocco. And now that I think about it, she did say that he arrived for the Tuesday drill, but I cannot recall if she did say it started that day. The news release comment fell into a general discussion about the company not issuing timely information in general. But, she said Chad and Chuck have the final say as to the timing of making those news releases.