Re: Patience
in response to
by
posted on
Sep 15, 2010 08:14AM
New Discovery Resulting in a 20KM Mineralized Gold Belt
Drill results come when they come. Delays happen all the time. A person would have to be a complete and utter newb with no experience whatsoever in explorecos to be so impatient for assays.
It has already posted that the assays were delayed due to the lab screwing everything up and sending data back piecemeal instead of processing them FIFO. It has also just been posted that Candido really strongly wishes to have a release out before Cambridge, as he's meeting with prospective financiers and it'd be pretty pointless without the data to show them.
I haven't met the guy or dealt with him, but from the bits I've seen on the net, Candido's an organized and success-oriented businessman - so I'm sure if there's any way to get it out by early next week, he'll be doing it. I'd personally expect it out by Friday. Then again, insane delays happen in this industry.
Question to the people in touch with Sasha: is the report completed, and just being held up by the exchange? I assume that any release like this has to meet certain reporting standards, even if it's not an attempt at being 43-101 compliant. If Mr. Tilsley has put anything unconventional in the report, I think the exchange has the right to hold it back, go for a second opinion, or ask for a rewrite. I'm not sure on this though; but I've seen the exchange get blamed for holdups on other companies' resource reports (RIO comes to mind - they've been waiting half a year!).
As for everyone else: Hoov and Glorieux say it's a home run, and James West seems to agree. If you've put your money into this thing, you should be prepared to wait for the results. I'm trying hard to wait patiently, myself.
PS If you're mad that you're missing out on other stocks, then you've just learned that you're not psychologically cut out for putting all your eggs in one basket.