REZ 9.52% 2.3¢ resources & energy group limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-7

  1. 6 Posts.
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    hi lifegoals... "further to this company is confident first gold pour this quarter"...

    don't worry about what they say, look at the evidence.

    now only about nine weeks left iin the quarter and they are still at the tender stage for equipment, so we can safely say the gold pour aint going to happen, and they now say approval to mine is only "immanent", in other words this is their first opporttunity to backdown from their original claim, and they haven't. that's the evidence.(so are they going to make me look stupid, i hope they do)

    and they talk about appointing a local manager in the future tense, as if they dont want to do it to early and waste money right now...i believe these east coast moguls dont know whether things have happened, are happening or are going to happen over here in the west.

    and dont expect to see michael johnstone again, he should be looking after mount mackenzie (getting it moving) after they have confirmed they are retaining that ground...btw...the grade is 1.2g, not 1.8g, but now minable (?) with the new record gold price.

    not trying to downramp, just being objective.
 
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