Ann: Notice of Annual General Meeting / Proxy Form, page-56

That is definitely not the game plan from management. Results have not been received. How would they know if they're good enough for the SP to run?

The SP could tank if we get dusters. Then we run the risk of having a CR at a cost lower than the last one with Waratah. Not a good look to run another CR, 9 months after the last and at a 30% discount to the previous one.

Management needs to provide direction of where the money is being spent before a CR should even be considered. Otherwise we are just cashburning and losing the appeal of a low SOI microcap stock. We have IPO'd and cap raised with no results for what we have IPO'd on.
Nor are we even drilling for any of it yet. The only thing is NZ and that is most likely the least on everyone's wish list.

This is plain and simple not good enough. The amount of excuses people are giving to talk themselves into management not being poor is crazy here. Only one thing has been delivered that has been put forward for the past 18 months.