Ann: Strategy Funded for 18 months - Jupiter Rising, page-162

With the sale of “Riley” for $3ml, and more assets (Mt.Lindsey) on the chopping block, just shows how the “New BOD” are beginning to rape and pillage our Assets.

Also, I believe it’s poor governance by the BOD a few months into the reigns and boom $7million down the drain with no proper account, justification or transparency for the sale of “Riley”$3ml and $4ml on Mets.

This kind of phenomena by our BOD members (old &new) could be crossed checked with all our other assets held by VMS. Keeping in mind, (1) No task was ever done on time; (2) On schedule and (3) Never completed. Mind you nothing wrong with the “Assets” itself.

Would like to see better transparency and justification of how funds are used and spent. They need to be itemised. Along with reasonable short term time lines / frames on projects. These points should be included in formal “Reporting” and “ASX announcements”.

What’s “Not On” and should not be excepted by our BOD members is:

Eg:

Two line justification of expenditure, not good enough.

a) Resource, exploration drilling and assaying $3.5ml.

b) Metallurgical Programs $4.0ml.

AND

a) Open ended time frames to long (12 to 18 months to long). Shows incompetence and lacklustre performance from the BOD.

“Interim and short term time lines”, on projects are much more preferred by shareholders.

What should now be demanded out of the “CFO” and the “BOD” is a one off dividend payment from the sale of “Riley” as compensation to all SH.

With $12.1million in the kitty, as a sign of “Good Will”, $3million should be given back as a one of payment to all shareholders in the form of dividends.

Why!!!!!…..Because as for the above fore mentioned, it could already be seen the BOD is just going to blow it with no substantial outcomes or results. They will just drag this out, just like every other tenement of ours. I would like to stress, I would love to be proven wrong on this. Common BOD do it for me.

To add: SH are well aware of this “One step forward and two steps backwards” approach adopted by these BOD members. Meaning get the drilling done quickly, suck us in then pull in the reigns with the Met results, etc.

If they could shows some: vigour, action with intent and urgency, transparency, integrity, commitment and finishing task on shorter time frames, then trust could be endowed on them with more capital.

https://www.facebook.com/share/r/Ur5i353HQazS7PqW/?mibextid=xCPwDs

I am sincerely, waiting on the New BOD to prove, “What can Be, Unburdened by What has Been”…..

Hopefully, no more posting from me until SP hits 25cents, like Tim. L mentioned by the end of the year. Over and Out. GLTAH.

Please, do your own research and DD. This is not meant as financial advice. Just an opinion.