Ann: Broker Briefing Mining & Resources Investor Webinar, page-52

agreed for all those having been involved in the recent 12 months or more, that timelines have been missed, but here's the way I'm seeing it:

fact: Scoping study and DFS / PFS will use a higher price of gold than previously based on 2000+ PoG
fact: the pessimism has allowed top up buys at or less than recent cap raise prices
fact: volume of the AAUOC Buy side has depleted the Sell side (hasn't yet rained, but rather evaporated)
fact: 2 x Directors (other than Brian) have recenlty participated in SPP to the tune of $5000 each - as announced 5th of October
fact: Top 20 has close to doubled their holdings since July / August, but SOI has not doubled. It's now approx 6.5m shares entry into the Top 20 list

and more on Top 20 (and recent substantial holders), if and when you study this in more detail as is any shareholder's right to, there are some very interesting signals and accumulations amongst the long standing Top 20 holders.

each to their own though ....