Ann: Half Yearly Report and Accounts, page-22

The most over rated management in the junior sector. Over the years i have heard so much that Jon can do this, done that, he's got such good vision etc etc. What really has he done? Not much and it has finally come home to roost. Made so many promises to do so much but achieved very little other that do a couple of poor merger deals, acquired some ground and make lots and lots of promises. In the end i think he was under so much pressure to actually do something and has said that getting Cannon into production is it. Signed up for company destroying loan and will Cannon ever get into production? Time will tell on that one. If it does will it go to plan? Will they have the funds to get into production? I think not on their own. Will any contractor want to partner with them? Not unless they get a very large slice of the profit. Would any contractor want to partner with this management??
Unless they can realise a heap of assets very quickly the loan he recently signed them up for will drag the whole thing under. Can they actually sell assets? Whats the security the financier has taken? i'd say plenty of security. I'm assuming the RVT shares are under escrow or they would have been sold already.

Unfortunately for shareholders there is no light here but i'm sure Jon and crew wont be too fazed and will continue to collect their 3-4 hundred thousand dollar salaries and wait and hope-seems what this company is built around-HOPE

Record gold price and this thing is in the toilet?? We supposedly have 1.2m OZ in the ground. Are they real or is that a lie. Is it anything actually mineable?

Maybe the best we can hope for is if the SP drops further, someone with some quality management does a takeover and rolls us into a bigger entity and we get some value accreditation that way

Can NOT see us going anywhere as we are

The BOD and management over the years have excelled at destroying wealth-nothing more