A New Sunrise - April 2021, page-44

IMO the "poor" part of the performance by management has been that they have not been fully transparent as to what is going on with both the water division and sunrise. Over the past 5 years they have learnt that it is a mistake to advise the markets of target dates, as they have in most cases been unable to meet them. So now we have to put up with "expected" scenarios occurring at some vague future time.

Why can't management advise the real reason for the delay with drilling results for the first three holes at Sunrise? I can't believe that the assay office would have been unable to commit to a certain date, and that such date couldn't have been be met (within a week or so) unless they had been advised by management that there was no urgency in getting the results out, for whatever reason, thus allowing the assay office to hold off and carry out work for others. If that was the case, what is the issue with letting shareholders know of that situation. It certainly would not have been because of concern as to what would happen with the share price, shareholders are not that dumb, and read between the lines anyway.

Why can't shareholders be advised as to how funding for Sunrise is proceeding. If we currently have no-one prepared to sign a contract, let us know! If we are in negotiations with any parties and are ironing out contract details, let us know. I appreciate that we can't be advised of possible partner names, but we could be advised how things are progressing without breaking any commercial in confidence requirements.

I'm very disappointed; my initial trust in management has evaporated with what appears to be a management decision to keep quiet.