Ann: Chairman's Update - August 2022, page-100

The comms have been poor. Very poor, imo.

The most recent Chairman's release - aimed to placate some presumably, only inflamed things in my reality.....imo.

Is he Executive Chairman - has that even been made clear? Who is making the day to day management decisions?

The release was wishy, washy, even if warm and fuzzy.

Devoid of significant hard detail or timing (other than the start of assay results in the coming month). Hard plans for the future?

I really don't want to hear they're now conserving cash (did the drill program go way over budget? noting they went a bit deeper on a few holes...), the 'bang for buck' thing or looking at the best chance of success....without some bloody thorough explainers....

Everyone here knows that exploration is very high risk - and high reward. Pass me another beer.

Why have we not received an explanation as to why the exploration program was stopped suddenly (seemingly not just paused) and well short of the planned no. of holes?

A "success by the geological team' - wtf does that even mean? (I have a fair idea, but ffs, don't get cute)

I found the whole Frewena paragraph horrible, again frankly.

It read as if they were merely throwing darts at a donkey's ass.... and thanks for the post drilling 101 processes lesson....

An emphasis on drill targeting - well what else, given every other pre drilling form of exploration had already been very thoroughly covered!?



'a classic example of the way we need to challenge ourselves....".

Just a lot of long winded, rhetoric!

Jean Elson? Maybe some drilling this season. Right.... but "pulling every lever" - phew, thanks guys...

And zero mention of MacCauley Creek. Really?

Gees, if the current program is a duster (commercially ), they should all resign.

The OAs will die a quiet death.

They've had ample time to get exploration going elsewhere (concurrently), even shallow drilling, and ample cash in the coffers.

Eggs in one basket. Again?

Don't get me wrong, still hopeful they'll produce something decent, but cut the spin.