Qrtly ASIC $1150, page-83

In June Qtrly they said: PRODUCTION guidance is unchanged for 2nd half and will be 120-140k oz.

In Sep Qtr they produced 33k.

Conclusion (using their own words - since they have not changed quidance) q4 will PRODUCE 85k+

Of course that is not true. Their words are simply not true. The sad thing is they actually refuse to come clean and say 'oh, because of A B and C, we will miss guidance'.

As you all know they simply changed the word production from q2 report to SALES in q3 report. And they say even today the yearly guidance of 180-200k oz (SALES, though) remains unchanged.

I checked the sales over production in the three quarters and we have 2k, 6k, 8k = 16k sold they did not produce. I do recall seeing they had 10k gold on 31 Dec. So where did the other 6k of gold come from.

Anyway, I have a couple of basic questions

1) is it true on CASH basis BDR LOST 20 mill this quarter (going from 33 mill in the hand, to 13 mill in the hand, with no payments toward any debt)

2) BDR management stated cheekily today the high strip for Duck was in the market information; yet when I looked at Sep and Dec Q for 2013 I see produced 55 and 61k. AND I note they explained this good result was because of Duckhead; so..... how is it the Duckhead produced so well in the 2nd half of 2013, yet we find in q2 of 2014 the gold needs to be stripped down to... was there a huge band of dirt between the 2013 open pit layers and the 2014 q4 gold? Is it possible that the ore was just not in the dirt they dug out and they changed the digging from mining to stripping? Yet they say the ore reconciles well over 100% in Duckhead; can anyone point to me where in the DFS it shows a 3-4 month of fully stripping Duckhead to get to the area they are after now

3) How do we get rid of the current board and MD. Because of their sneaky and dishonest (in my opinion) ways I dont trust them. Can we vote down the remuneration report in early 2015. Can we simply vote them out. How does this work? How can I start a campaign to get rid of them for 'not continuous disclosure to the market'

Now let me give you sentences from Q2 report re what will happen in Q3 re Duckhead

"gold ore for the third quarter mill feed will be predominantly sourced from Duckhead..."

they also talk about gold 'forward' sales re the 30k 'sold' in q2; what does this mean; what do they mean about gold forward sales; are they selling gold they dont have (for the future) to boost, artificially, their reported sales; honestly, I just dont know; with this mob you have to doubt all and check all; because when you catch them out, they will say 'oh, that was known to the market'

Actually, when management are so dishonest and tricky, I guess you can only judge the company by its cash flow; in q3 they LOST $20 mill - that is fact... they had 33 mill, now they have 13 mill, with no payment to debt; simple fact, they are running at a stunning loss

How can I get rid of the board and the MD?