Ann: Development and Exploration Update, page-87

Mate with all due respect I have watched, read, discussed, reviewed and chopped and diced what you attached more time that you can imagine. Don't come on here thinking The forum have not pulled the guts out of it.

Some rebuttal

Do they have poor Management? Yes. A scape goat last year was the site manager. The Rain, then Contractor and Government authorities Never once was it poor organisation from the CEO in late 2017.
Do they have poor assets? DFS?? Oh that is right we don't have one, but we have an updated 2014 PFS hoping we we find better grades to justify a funder partnering for T2
Do they have no funding? They raised 1M from sophs & Mates around 18 months ago, and then its all been LIND LIND LIND. You know finance of last resort. When is March 20?
Are they in the wrong commodities? Very good you got one correct
Bad Geopolitics? My Lord you got another one correct.
Too much downside risk for some? Many on here are in at 0.01 or less and have been for yonks, so can afford to see how this plays out.


Am I missing anything? YES
1) "We will mining Toronga late 2018". Most half intelligent members on this forum knew this would be impossible, but our CEO said 2018, not once, not twice, but 3 times. And then at the last minute he says oh I forgot about permits.
2) Failure to contract out G2 before the wet season. He only had 9 months of run way to organise that. Then he employs a company that from his own admission were not fully up to it. The company did nothing in 2018 except a couple pot holes. ( when i say couple I really mean 2 ). And we took a Polaroid of a Testicle.So our CEO has not been busy at all and what have we got from it?
3) After waiting years. "ABOUT FACE". With very little detail on costs, savings, logistics all of a sudden we are sending NSW dirt to Tassie. Costing please CEO, Logistics please CEO, Why the change CEO??????? How about some deep explanations that do not ask more questions than answered. Oh thats right that is our CEO cryptic Modus operandi

Talk about a Schizo delivery plan.

UNBELIEVABLE. But please if you think he is CEO of the year then please vote. I believe you will have a few supporters that have probably never made a dime on the stock market over a long time frame.
To every one else. We are playing in the snake pit at this end of the market. Be wary and balance the Positives and negatives of your investment with equal amounts of zeal.

Crash