Must've been a bot losing its bottle...
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Must've been a bot losing its bottle...
It must be time to be adding more to the stockpile .. huh ;)
No spud announcement today but has to be next week.
Beach announced their quarterly results today and confirmed Ironbark still on track to begin drilling at the end of October (next week).
Results to be announced in the March 2021 Quarter.
yeh they also said
a targeted measured depth of ~5500metres.
and because NZO hasnt had the best of luck with drills and we need to pump ourselves up a bit - this is from that Beach report.
Beach participated in 17 wells where drilling operations were completed – all 17 in the Cooper Basin – at asuccess rate of 94%
Drilling, now thats a bit boring??
Lets hope it augers well.
Maybe too deep for some?
This Spuds taking a while to sprout
I'll be getting Agria if they take much longer
Hey BC. See the activities report? Looks like next week is the BIG ANNOUNCEMENT :D
With regards to your comments...it's not that I am not concerned at all or oblivious to what is going on. I absolutely agree that Management either need to jump around a lot more to justify the high Admin expense, or slash costs to reflect our business size.
Paying our CEO $750K seems outrageous, as one example, given not a Hell of a lot has been happening. When you consider that Martin Stewart from Sky only gets about double that - and his business still generates over $1M per week in Owner Earnings it is crazy that our CEO gets paid so much.
They have been slow to deploy the available funds (~NZ$50M) for investing, and Christ only knows what is taking so long.
The point I was making is that, given where we are with Ironbark, these issues are 'small fries' relative to the opportunity we face right now - and that is why I am reasonably Zen about things carrying on as they are for the next 3 months while we drill and appraise Ironbark. OGOG are running the show, and they are comfortable with the current Admin spend - and unfortunately that is both the long and short of it.