I spoke to Benchmark today to ask if a press release would come out this week. I was told that the PR Benchmark expected last week has been moved back to later this week, probably out on Thursday or possibly Wednesday night to be ready for Thursday's market.
Benchmark's understanding is that there was no PR last week because the attorney advised URHG that they did not have the "hard numbers" yet which would justify the PR. Since they expect to have numbers this week, the PR was being delayed until this week. Benchmark expects this PR to have very positive numbers to report, based upon what they have been told by URHG. Benchmark said that if URHG were to call them and delay the PR again for some reason, then it would be delayed, but the Benchmark expectation of a PR is because this is what URHG has told them they are planning.
The information Benchmark gave me does track with what URHG posted on its Facebook posting. If URHG took 17 days (instead of 14 days) to calibrate and test the new circuit, and was legally only in an "intermittent production status", then it is not surprising they didn't have enough data for a full PR last week.
However, if Friday July 23 was their first official or legal "full production status" day, and they processed ore Friday, Saturday, Monday (today), Tuesday, and Wednesday, then they would have 5 days of "hard numbers" to announce to the public on Thursday. And if they are recovering a decent amount of gold during this time, that would be evidence that Dun Glen is for real. If so, I would hope the stock would react favorably and break into double-digit value.
That is my own speculation, so by the end of the week we'll see if it proves out or not.
- TTH
