Normally you would not need to be advised by a reputable

mining company all timing details on drill hole information. However because of

the initial lack of information the Directors of CuDeco (Australian Mining Investments), who are about to vote options to

themselves, need to advise shareholders the date each drill hole was drilled,

when they first became aware they had drilled through wide intersections

of sulphides (the drill logs will help them remember) and the dates when they

received the assays for each hole. Most assay labs allow companies to access

assay information via the net on a daily basis so they don’t need to wait

for the mail!

Once this information is known by shareholders the Directors

should feel no “guilt” with regard to issuing the options. Not to supply

this information will give the ASX and ACCC plenty more questions to ask. The

Directors need to be aware that in the 70s Mr Cutler of Leopold Minerals spent

quite a while eating porridge!

Peter Fray

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Peter Fray
Editor-in-chief of Crikey