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Message: No news NOT bad news

No news NOT bad news

posted on Mar 11, 2008 10:18AM

I just got off the phone with Tracy. You have to give her credit for responsiveness. She said that the lack of news is not bad news, it really is just "no news." I pointed out that the last press release told us the drill was at 800 feet, over 3 weeks ago, and doubtless the drill had made it through to the other wall of the pipe. Meaning the geologists must have seen the core and must know something. She responded that she did not have any information about where the drill was, or the diagonal core, and that we shouldn't try to read between the lines. The geologists will write up the findings, and she'll turn them into a release, but she hasn't seen or heard of anything that should cause us to think that the company has conclusive information about this very large pipe target.

That's all I have... makes me think we have to wait it out.

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