I talked to the company today and I believe it when they tell me they got the results last night at 8pm...at least, this one director did. Looking back, my red flag was CIBC selling 50k blocks on an almost daily basis. Lab delays I am used to and yes that is a red flag but I have seen companies be late and come with great results. Part of the issue here is we are relying on consultants at MRB and Abitibi. The visuals the company discussed were from them so someone there has some es'plainin to do as PC said earlier.
We have exactly 250K dollars of flow thru money and 600k dollars of hard money left. Our drill program cost 350k dollars so we do not need to go to market before the rest of this round of drilling is in and before we have a 3rd phase done. All the positives about the company are still there and we will most likely see more selling but there is value here and after we flush everyone out, I expect to see something between 9-11 cents. That does not take the sting away from today's loss but there is a tomorrow here.
Glorieux