Ann: December 2024 Quarter Activities and Cash Flow Reports, page-4

FFS, they are basically trading insolvent... debt near A$37M??? It reminds me of the old Cudeco days where they borrow enough each quarter to pay off one person, then borrow the same amount plus a couple of million from a new person and spend a bit of whats leftover. Then repeat the next 3 months.

I also note the following - "Manuka continues to progress with the evaluation of installing of a processing plant at its 100% owned Mt Boppy gold project" - so they've gone from "we are buying it" about 2-3 quarters ago and supposedly spending A$5M on the purchase to now saying they are 'evaluating' an install. So they haven't bought anything yet and have just pissed the money away?

$800K on staff costs?

What more is there to say???!!!