2023-03-31
Martin Geddes seems to have uncovered what may turn out to be a rich mine of obfuscation and denial.
In asking a seemingly innocuous question of the House of Commons with regard to who might bear the responsibility for an apparently incorrect statement on the Parliamentary website, he has uncovered the tip of what may turn out to be a sizeable deposit of evasion which, whilst difficult to mine, could be very rewarding. In consequence, he is undertaking further exploratory drilling to see how far the seams of obfuscation may extend, to clarify the grades of ore that may be present and at what depth they are located.
Whilst early indications are quite promising, and the location of the deposit looks very favourable, we would caution potential investors that at this very preliminary stage, it would be unwise to commit any funds that you cannot afford to lose, since obfuscation (although common enough) can be notoriously difficult to mine. The obfuscation itself may turn out to be not amenable to either drilling or mining for either technical legal or cost reasons.
Sometimes it depends upon the grade of the ore - the lowest grade (evasion) is perhaps the easiest to process, denial may be more tricky because of the uncertainty about the original source, whilst full-on high-grade obfuscation may require considerable investment in disentanglement processing before any useful product can be shipped. Many seams also contain a mix of all three grades which may make processing expensive in view of the need for sorting and the deployment of a full range of appropriate techniques.
Nevertheless the location has a reputation for obfuscation and the rewards for uncovering a major seam could be substantial, possibly even a 650-bagger!
Read the full prospectus here.
