IKN

untune that string and hark

Galantas Gold (GAL.v) offers us another example of the IKN First Law of Mining NRs

Galantas Gold’s (GAL.v) “development update” (love the words) came out last night while your humble scribe was computerless, but it wasn’t going to pass us by so here we are, second ever post with the new machine. To start, here’s a reminder of the IKN First Law of Mining NRs:
“The IKN First Law of Mining News Releases: Considering
that anything contained in a mining news release is presented in the
best possible way for the company in question, any piece of information
contained in a NR that comes across in any way negative means the real
news and/or events behind it must be very, very bad indeed.”
With that in mind, here’s part of the script out of GAL.v yesterday evening:
The Company has also been in discussions with Police Service Northern
Ireland regarding further blasting arrangements for the underground mine
development. Until those arrangements are in place, the tunnel
development is temporarily on hold. The delay is not expected to exceed
one month and the Company will advise if the delay is significantly
prolonged.
The First Law writ large, they can’t develop the mine because they don’t have the permits. Take a cue from Brexit, folks.

Leave a Reply

Your email address will not be published.

Hello, you are not in a chatroom, you are in my living room. Opposing views and criticisms welcome, insults or urinating on furniture unwelcome. Please refrain from swearing if possible, it is not needed.