Ann: Trading Halt, page-13

This post is my own opinion, It is relevant to the Trading Halt, Board performance, the AGM and Capital raising.

The AGM is on the 23rd November
The proxy voting for the AGM closed 48 hours or 2 days previous to that, so 21st November. (TODAY)
So to all intents AGM voting is closed as of NOW

Therefore votes cannot be changed and the effect of this capital raising from a voting perspective is complete.
A DONE DEAL.

It seems that the board could not even wait for after the AGM to raise funds, it would appear that there is a dire need to get funding into the coffers.
I guestimate that the cash reserves are at critical levels, based on what I have outlined above.

- Have the board taken a paycut, Nooooo
- Have the board made any meaningful adjustments to curtail expenses, Nooooo ( Ben was a forced exit and was replaced)
- Have the board cut board members to reduce director wages, Nooooo
- Have the board cut non essential pet project expenditure, Nooooo (DES, Scandium research and the test plant thrive)

This is what the board have done.
- Capital raised 11 times with the 12th time underway since 2017
- Capital raise frequency, 2017 to 2022 = 5 years. (5/12=0.416) They have raised capital more than twice a year +-.
- They have not fulfilled their commitment at the last C/R to increase the resource through exploration and drilling. (No Reports)
- They have acknowledged that the feasibility work completed is insubstantial, requiring a further 4 years of feasibility study to move forward.
- Consolidated the share registry to enable more capital raising unabated.
- They have treated shareholders appallingly and with contempt in AGM meetings and more.
RED