Just looking through the corporate announcements
28/1/2016 Cash at end of December $60k
3/2/2016 Placement of $93K
11/2/2016 Announcement Halls Peak will be drilled utilizing the NSW grant
19/2/2016 Update on Halls peak extolling its virtues
30/3/2016 Tax rebate received [$1.5+M]
2/5/2016 Quarterly report ... one line sentence informing shareholders the NSW grant had lapsed
So ... what are share holders to make of that timeline?
What is omitted in the reports is the company was simultaneously sending its MD over to Nevada ... so that is where the drilling money went. What did he come back with? A ludicrous proposal to buy a tenement which took shareholders all of 3 hours on this forum to discover was worthless.
Dear Axecap, page-24
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