Need more real news
posted on
Mar 20, 2013 10:14AM
(Edit this Message from the "Fast Facts" Section)
Looks like the initial buzz over the recent PR is about over. Volume is down, and the share price is stalled, if not drifting down. At least it's higher than before. Now we need real meat to back up the statements in the PR. We need news of the amounts of dore generated and the revenue produced. We need actual operating numbers for the flotation unit production, not just what the "maximum efficiency" is. We need reports of the monthly shipments, not predictions they will occur. We need updates and information on the extraction of ore from the Sinker, not just a regurgitation of the regulations saying how much they are allowed to test mine. And we need numbers on those assays that validated the previous numbers of 3.75 to 325 oz/t. What were the results of the sample assays, how much is being mined,and what are the grades of the new ore being processed (if any)? They say this information will be available in "the ensuing weeks ahead". I assume that means less than a month, and I look forward to the release. Let's hope the share price hasn't lost all momentum and dropped back to previous lows by then.
BTW, we need this news in addtion to, and preferably before, the upcoming 10K. Since the 10K will only cover through December, it presumably won't include recent developments hinted at in the PR. In fact, I assume the 10K won't be very pretty at all. So let's have some real updates as to current status.