Ann: Quarterly Activities Report, page-5

It was actually otherwise a decent quarterly, more than I would expect from this lot, but the pegging is complete (thanks for the update, not like it was important or anything), the bridge and port facility planning has been submitted (thanks for the update), and they've actually mentioned that the delay is being caused by the consolidation of two government departments.

Sadly all of this will be overlooked by the usual suspects.

All in all it's in a better position than I thought with the additional work being done (again, cheers for the update) but it is still going to get backlash for giving away 5% of the company at 13c.

Changes nothing, still not selling, just need to hope that the information provided is actually accurate and that forestry does come through this quarter.

Question for management - why issue oppies at 13c when you could easily have issued them at 18 or 20c to avoid the backlash that is now surely coming? 13c is a joke given it was trading at those levels not so long ago, back before the stunning silence began and the price dropped to current levels. And "its a big premium to current levels" is not an acceptable answer, given where it would have been if the market was kept informed and BR was taken out, as should have happened.