Ann: Quarterly Activities Report - Period Ending 30 April 2018, page-4

Without looking too hard to me it looks like / thoughts
1) we get to string it out for another qtr financially, hopefully attracting some interest from a JV partner but the term "running on empty' has been mentioned to both Walter and Chris
2) keep in mind this only reports up to end of april, but for some reason to sweeten it they mention figures from May 2018
3) why the hell are staff/admin/and production costs 1.777 million dollars for a qtr
staff $ 856,000 (would like a breakdown of that), production $ 560,000 (arent we on a 15% revenue stream), admin and corporate $ 360,000 (I thought moving to the new premises was going to reduce this overhead)
4) If Wanbao get any other free rides this board/management should probably resign or explain their actions in graphic detail
5) there is very little we dont already know in this qtrly but that was probably expected (we shouldnt think that should we)
6) as iterated in my recent post, according to HAV 12 years ago Kalkaroo and Mutoroo were advanced projects, its about time for some return on those admin/staff costs hey
7) this is not a disastrous qtrly, just not a fantastic one either, but the fact that its business as usual is not particularly good in my opinion
8) being picky we have a table stating published JORC resources at 31/07/2018, 2 months into the future

Shuffling deckchairs I hope not

As always