Ann: Notice of Annual General Meeting, page-14

G'day Johilo returned

Forgive my not following suit with your good-natured post but, as I said in this recent post 40953989, we are laughing at ourselves losing money. This can't go on, surely?

You pose a question around ... "how much substance there is to many small explorers, regardless of well timed announcements". That is more than kind because Helix has not been making well-timed announcements.

(1) There was not even one exploration (or resource appraisal) announcement during the last quarter. If something was happening, as today's quarterly cash flow release suggests, shareholders (current and potential) should be told about it. Management needs to be able to walk and chew gum at the same time. I notice that admin. and corporate salaries were still being paid...

(2) The last operational announcement of any kind was on 11 June, some 4.5 months ago and that was announcing the interim maiden resource at Collerina. That announcement arrived months late, and without suitable explanation. The way it was handled was very damaging, IMO.

This is not a market to give people reasons to not buy your shares - especially non-producers that need ongoing capital for exploration and evaluation work. Lost credibility -> lost capital -> reduced field work -> lost bagger chance!

Helix's shareholder list suggests we have high potential acreage but our woeful market cap. suggests management (in)actions raise real doubt whether that potential will be realised:
$ high potential acreage x grossly inadequate exploration =pathetic $7.64M market cap

With an AGM due on 22 November, and theBoard asking shareholders to approve the Remuneration Report before then, shareholders deserve an urgent, credible path to realising potential value.