Ann: Clarification - Quarterly Cash Flow Statement, page-22

As you know I post on a few stocks. A few try to use the word Ore and pretend they have JORC and pretend they can forecast revenues.

Unless the heart of the essence of the ASX Listing rules for mining entities has changed recently (and it has not as I read them recently) then they still require compliance with JORC code in announcing things.

It galls me that these companies flagrantly disregard this.

And no the ASX does not review all these releases. They have neither the money or time resources to do so.

The companies post their own releases on the ASX platform and self regulate their compliance.

Sometimes they get caught out and sometimes not.

The looser they get the more they believe themselves.

If they tell themselves enough times they have Ore and will mine the ounces and make profit.

The point of JORC and VALMIN is to ensure only the geological and mine financial engineers say these things.

This is why outfits like OGX and CTL and maybe AVQ ultimately fail to deliver as they end up convincing themselves they will make profit by pure luck instead of rational drilling to mining to profit.

IMO