Ann: Airborne EM Survey Successfully Completed at Red Mountain, page-5

This company is full of career directors, their office in Ballarat, Victoria looks like it’s operating out of a backyard shed, if there’s anything more than empty desks in there I would be surprised... See it for yourself 24 Skipton St, Ballarat Central VIC 3350 also the phone line always rings out.

For all that don’t know Matt Gill makes $375k per year + super and was the Mine Manager at Beaconsfield Gold Mine in Northern Tasmania when the disaster hit in 2006 killing one miner and leaving two trapped for two weeks.

The above two reasons are why I’ve never held the stock. MT Carrington is a stranded asset, too many greenies in the area making permitting lengthy and hard plus the gold grade is not there to make ASIC profitable unless the silver prices increases.

The only hope this company has for making any shareholders returns is if the JV with Sandfire finds an economical VMS deposit which is why I watch with interest.