And here will be the quarterly report:
- COVID-19 has not materially affected the operations. We have still achieved nothing.
- More governmental ministries were changed. This will streamline us doing nothing even more effectively.
- Project trend register - trend line going south. This is inline with our stated objective of share price depreciation.
- The risk register that was defined, has now been populated with 1 new risk.
- The project execution plan was updated to match the lack of progress and baseline schedule extended by a further 5 years (note as part of our cost cutting measure, we simply sticky taped an extra sheet of A4 paper to the end and extended the lines with our newly bought crayons).
- A statement which states the remainder of this page is intentionally left blank will be filled with photos of random people who work on the project (whoops - typo, that happened last quarter - maybe of a dump truck from South America loaded with coal).
- The WBS was updated, because they could not match it to the CBS so could not control expenditure, let alone any progress.
- FEED not complete. Drawings still coming in the mail, slowed by Amazon parcels having priority postage.
- Contract with AHRL for mining services moved from Letter of Intent to A detailed letter of Engagement (not yet executed).
- Geologist licks more rocks, feels a little groggy and realises they were not core samples.
- Project power and water supply. We still don't know how we are getting it there.
- Appointment of 5 new "acquaintances" of the current directors to assist with getting the project back on track, or at least delivered by 2031.
We know the mining contract has not been executed as this is material and no announcement has been forthcoming.
Of course they may surprise us all and actually have achieved something.
Not bitter, large holder, just not sure whether to cry or laugh.
Hopefully they surprise. GLTA IMHO
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