Ann: Binding Heads of Agreement for the Sale of Lake Johnston, page-13

The market's reaction to this bombshell says it all, doesn't it?

Where are those enthusiastic POS Cheerleaders? Maybe they've finally caught on to what's really going on here – the one glimmer of hope in this company just got carved out like a Thanksgiving turkey. And now, management's sitting pretty with a fat stack of cash, enough to keep the ship afloat for a hot minute or two, all the while spinning tales of a phoenix rising at Black Swan and mining gold from thin air at Windarra.

Meanwhile, the POS share-price remains a non event leaving a bunch of retail investors stranded like castaways on a deserted island. Many of them probably jumped on the POS bandwagon thanks to some top-notch company propaganda, only to find themselves holding onto shares that are about as valuable as a chocolate teapot.

When the cash runs out rinse and repeat.