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Nemaska and Tucana.
There is no "requisitioning company" involved here.
Nemaska's VP of Exploration,Yves Caron, as well as Donald Theberge, the geologist, are involved in reviewing and writing the report. The only reason that I can think of for the delay, and I'm speculating here, is that some type of NI compliant document addressing future drilling and exploration will also be released.
TUCA is in the process of deciding its future exploration plans and I assume that means lots of debating going on between, TUCA and Nemaska principals. The two companies as well as Monarques are all interconnected. Which is fine by me. If you don't see it, can't help you there kiddo.
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7667976
1. SCOPE OF PROJECT
Below is a list of services that will be provided in relation to the Project.
· Implement a ‘grass root’ exploration program (the “Program”) designed in accordance withTucana’s agent, Alain Champagne;
· Provide geological and project supervision for all aspects of the Program;
· Provide database and geographic information system (“GIS”) Management;
· Provide all logistical needs for the Project and Program;
· Submit weekly progress reports including principal findings and accomplishments and recommendations for continuing work programs;
· Submit at the end a technical report covering the entire Program.
Any other services necessary or required to duly perform the Program will be discussed with and pre-approved in writing by Email by both parties.
2. TERM
The term (“Term”) of this contract shall be for a period of 6 months from the date of signing, subject to the termination provisions stipulated in Article 5.
Thereafter, Nemaska and Tucana may extend the Term, on the conditions contained in this Agreement and in any addendum thereof or on such as other terms and conditions as agreed upon by Nemaska and Tucana so long as the said extension and terms and conditions is agreed to in writing. Any amounts owed to Nemaska under this contract at the end of the Term shall be paid by Tucana within 30 calendar days of the expiration of the Term or completion of the Project. Any amounts owed to Tucana under this contract at the end of the Term shall be paid by Nemaska within 30 calendar days of the expiration of the Term or completion of the Project.
Thanks for posting useful info.
Much better than all the "unmanly" whinging and whining posts.
http://www.b-tv.com/features/watch-now.html?clip=NemaskaExpSep11.wmv
What in your opinion is your target valuation for VSYS?
It's only a matter of time before we get bought out, I hope!
Don't leave, buy more TUCA stock Capt. Dude.
With this junior miner, the CEO does not write up the geologists' reports, or interpret the data. The CEO will not draft the NI either, Donald Therberge (sp)will. And yes, the CEO will not do the drilling either. He works with a good team from Nemaska on this. Funny, isn't it, you would think that this would be good news. But not in stinky pinky instant momo-land!
For those poor souls that bought thinking TUCA is a momo play and will be putting out bi-weekly PR's on time, like some other lithium plays (wink, wink), where the CEO says "expect a pr about the drilling....and he has drafted the pr already and guess what...no drilling ever took place you know what I mean. It ain't that, here.
But I do agree, don't say two weeks or three weeks, when you have French speaking geologists on your staff. LOL
TUCA is a slo- mo junior miner.
Looks like the Nemaska folks as well as the Monarques peeps have been very busy with drilling on this property!
Lot's going on with our Trifecta! All interconnected, and that is a good thing.
Cause they are French speakers in a French-Canadian province! It's Canada, ya'll, not the states.
End of October is realistic, for the exploration report that was just done on the Abigail property.
I'm just commenting on what I expect to see in a detailed NI compliant report that I think should be released by the end of October by the geologist:
-An analysis of the grab bag samples;
-A review of the aerial survey and what he identifies on the map;
-An explaination of the next steps in the exploration program;
-What it will cost to conduct the program.
TUCA at the same time needs to plan its financing to fund the exploration. All I'm saying is, that its not as easy as, "release the report."
I would assume that you would need to translate the aerial survey maps/results too?
I really think they want to release an NI compliant statement that takes into account the grab bag samples and the aerial survey as well as a future plan of attack. When formulating exploration strategy, I don't think geologists pay attention to daily pps. I would hope that TUCA has the long term in mind.
Also, they would need to raise the necessary funds to drill etc.
You are a mining guy? And you would use Google translator to translate a technical report? Really? LOL
I think they want to get the NI completed and release at the same time.
Good time for some to exit and stop the whining.
I understand you want the pps to skyrocket overnight and are frustrated. Unfortunately, this is not how it works with the real juniors.
Looks like they want to release a National Instrument at the same time they release the grab bag samples.
The Nemaska geologist has been working on another Nemaska affiliated property see below. These folks are busy doing their mining thing. Yves Caron has also been working on this property too.
Not selling a share until we get the assay results............and then, with good results, I may rethink that strategy too.
The momo must have met up with some slo mo!
If TUCA was a fraud, we would be getting one PR per week propping up the pps.
Alas, with junior miners, its really slow getting out reports etc.
But, I want the report done right, and I want that NI to be thorough and have a real purpose.
Also, the focus of real juniors is not the current pps, but getting the exploration completed, getting the NI out, and attracting more financing.
Spain for da weekend! Must be nice, you Brit.
He specializes in company valuations! LOL
Looking forward to seeing those WOLV drill core pics!
Have fun in Vancouver.
ps. I'm ready for the ALYI news.
It's not the .08 pps that is the focus here, but VYSY's products.
That's the reason it's presenting at the British embassy.
Reports and NI's are never released on time by junior miners, at least that's my experience with them. We are all in the same boat here but its not the end of the world. No one knows what the report contains. We can speculate, that's all.
I'm speculating that the next steps will lead us to drill locations.
It's called a lack of sincerity and credibility.
WOLV is moving along with its drill program and that makes me a happy camper.
I'll be happy when a respected geologist like Donald Theberge completes an NI compliant report and we pin point some drill sites.
0.05 ? 0.014 (38.89%)
Now, that's more like it!
Up 38.89%
For all of us!
Anything under .03 is a steal!
How could I forget SRSR? I was up like 800%! Could happen again.
Good buying opp for us lurkers!
Thank you for your input. I appreciate your thoughtful posts.
Glad you're not drinking the acid laced kool aid on WOLV like some posters.
We have great results from hole number 3 and are now drilling hole number 4, then the assay office will announce the verdict.
We are moving along. Hopefully, they are near to completing the English version of the report.
NI 43-101, that will certainly help TUCA raise more money.
I agree, positive assay results are a must. Yes, the company is excited about the cores from hole number 3 and I think we are drilling number 4 now.
Don't expect to see any large increase in the pps without assay results.
I can wait and will wait.
This is just the beginning. Remember, its a junior miner. These things take time.
Report should be out soon enough and then they will focus on the next step of exploration. Selling now is not a brilliant idea.
They released this info, cause they are very, very happy with the results!
We await the pronouncement from the assay office and more drill cores from hole number 4 and the others. Still proving up what we got.
My broker that handles all those certs that are getting real hard to deposit, raved about BMRA.