2023 - the year for ICG, page-1302

No Allens. A program was put together to take on big projects (securing tenements with JV agreements at a very modest price, making a plan, (which your mate initially signed off on) and then your mate got cold feet and refused the idea that an explorer might need to raise money to advance projects. His mantra was no more dilution! Let's see how that works out. Imagine if they had stuck to the original plan and raised the money to complete programs as initially designed? Might have seen a little dilution for a time but might also have seen great progress made, maybe even a discovery. An IOCG in the Barkly was not a bad idea. Instead they tightened the purse strings, drilled kilometer deep holes that they declined to assay, cancelled planned holes so they only had a partial campaign. Yet some how they are now drilling a JW owned tenement (will they assay this one?) rather than the promised Camel Creek at Jean Elson. Who made that decision and why? Why the repeated chopping and changing? That's a question I would ask at the AGM.

Also, what cost blowouts? I'm not aware of any cost blowouts? Did I miss an announcement? There are a number of stories that get repeated in here that have no basis in fact as far as I can tell. Repeating them doesn't make them real. Including the one about me selling down then jumping ship. I jumped ship because there was no industry experience leading the board (once Ross Brown had been chased out) and agreements made with me were broken. I finished out the season so as to support the company and others on staff, as they would not have got other staff in on short notice and I had promised the project manager that I would complete the season, I then moved on to more interesting projects. I have done no more than ask a few questions about motives and actions as a service to others. How people respond is simply down to them and it speaks of their character not mine. If a listed company can't take that sort of scrutiny there is something wrong. No regrets about leaving for me.

Now, it's obvious that the AGM is coming up and a second NO vote would see a board spill. Is that why you step forward with a timely intervention? Or do you have a different motive. I could be off the mark but I don't think so.

PS My comment about the 'Fable' or the historical legend of copper on Frewena ground was not an attack. It was a very short factual correction to someone other than you. However, you chose to be the attack dog so I will respond.

PPS Why don't you nominate for the board? With all your experience and apparent knowledge of the goings on you could do a better job than the ones currently entrusted. What they are doing to the shareholder value in this company is sad IMO, a change might see you all start moving in the right direction. All in my opinion of course. I'm assuming it's still a democracy and I'm entitled to an opinion?

PPPS Just imagine if you had of sold when myself and others 'jumped ship" You'd have an awful lot of cash to buy back in at these prices.

( I do feel sorry for the poor share holders here. I certainly wish they would catch a break)