Ann: Performance Rights Forfeited, page-8

The games opening lost my attention.

I note you comment.

"What amazes me is you seem to fully grasp and understand what’s happening at HGO on all levels but at RVR you find it difficult, finding it necessary to post subtle negatives on everything."

No subtle negatives from me. I call a spade a spade.

I'm critical of myself for going down the path of building a substantial holding in RVR on the strength of a 650 Ktpa plant and 12+% zn eq resources to find management last year only achieved a throughput of 331Kt at 8.8% .

If RVR was focused on putting 650kta through the Thalanga plant and could get anything like 12.5% zn equivalent grades it would be a bonanza for shareholders.

I'm very critical of the fact that they are more interested in spending the available cash chasing dreams in far away places and trying to flog dead horses back to life before they have got shareholders assets at Thalanga processing reserves at full tilt.

I'm also suspect of the motivation of EMR's men on the board and whether making us rich will line their pockets more than making us poor.

I'm very critical of the handling of the Royalties. We were told in no uncertain terms that the other party was the villain.
"We tried to pay and they cancelled the agreement. Bravo! no more to pay."
The court transcripts tell a disturbingly different story. The truth was handled very badly. The $20+m might be the cash flow crisis EMR are sweating on.

The constant flow of positive announcements of record grades being mined and great???? drill results while the plant is processing dismal volumes, low grades and loosing money is worth talking about IMHO.

As for the renounced performance rights. Renounced has nothing to do with being cancelled because of resignation or slack performance.

I'm close but I haven't fully given up on RVR. I've done a detailed comparison between HGO and OZL and the reason for my recent questions is that I want to add RVR to the list once I get my mind around the possibilities.

Bon Weekend.