Ann: Quarterly Activities Report, page-78

Long suspension is undoubtedly nerve wrecking and it is somehow natural that some people tend to view everything in darker colours. While I can understand it, I also try to keep balanced view.

And we should not forget we also have here our fair share of trolls and haters, which we all can see which is not really different from any other HC thread, especially when you have an interesting project (and many are not in )

I do not post here often, but this time I feel a great need to react.

So let's see who Mr Richard Llyod is.

MINEXIA is London based mining investment, development and advisory company and their webpage says:

Richard Llyod
Director & CEO

Richard is a qualified Mining Geologist (BSc Hons & MSc from The Royal School of Mines, Imperial College, London), spending the early part of his career in gold and copper exploration, mine development and production. Since 1998 he has worked in Investment Banking and risk gaining significant experience in Natural Resources and associated Infrastructure. Over a 20 year career including M&A, Corporate Finance Advisory and Relationship Management with many of the global metals and mining companies, he has gained a detailed knowledge of the risks inherent to the industry, the development of projects and the solutions and financeability therein. Richard has been developing disruptive financing solutions for the industry filling a gap in the traditional forms of financing. He is also an independent non-executive director of Ghanaian gold company, Goldstone Resources PLC.
https://www.minexia.com/about

I noted that Mr Jens Soderlung on Twitter posted screenshots of Mr Llyod's LinkedIn profile, which is here:
https://www.linkedin.com/in/rich-lloyd-mining-finance/


OK, so Mr LLyod has a master's degree in Geology from Imperial College in London, has over 20 years of experience and among other qualities 'the development of projects and the solutions and finance ability therein'.
And yet, anonymous poster on major Australian stock market forum calls him a 'boy' and talks about lying to shareholders? Well, I am not a lawyer, but this seems to me to be really close to defamation.

I would like to also stress that he is a NON-executive Director only and as such his role is about advisory, strategy and risk managing, but not about running WFE's daily operations, or making autonomous decisions.

I might be in minority here, but I am glad we have more experience on our board and would never ever dare to call him a boy. Yet some people seem to be willing to call the professionals ‘boys’. Is it anger, blindness, agenda? I don't know and I don't really care, just feel I must say I disagree with these people.

Now the company he works for is clearly mining advisory firm, but offers mineral exploration services as well, including those around JORC.
https://www.minexia.com/exploration-advisory

So were his previous long-term jobs, clearly he is an advisor. Guess what! He even worked in the mining industry before May 2019! To be more specific, for some twenty-odd years. To allude that he started in a company in May 2019 and thus has no meaningful experience, or someone is playing dirty games with us, is distorting reality to say the least.


And for Goldstone Resources Ltd?

Mr LLyod worked here as an INDEPENDENT NON-executive Director, in other words an independent advisor, so again his role there was advisory, strategy and risk management, but he was not running GRL's daily operations.

GRL is a microcap mining company in its exploration stage, meaning there is no income. This is mining investing knowledge 1.01. To show an income statement of a company in its exploration stage and to suggest that no income is somehow worrying is a twisted representation of reality. All explorers are like this, it is normal and expected.

From GRL webpage: https://www.goldstoneresources.com
'It is the Company’s intention to bring AKHM into production within two years and to build a portfolio of high-quality gold projects in Ghana, with a particular focus on the highly prospective Ashanti Gold Belt.'

Yes, it appears that Mr LLyod was no longer on their board when our announcement was made. But he was on their board for three years and, in my opinion, we can safely assume by the time he was being recruited he was still there and thus his CV stated his position and that's where this information came from. Hence to suggest that 'the boys' are 'a' is an overreaction to say it mildly.

Is he a frequent board member? No. Is he a qualified and well experienced professional geologist? Yes. I am sorry we didn't get someone from Rio Tinto's board. Not sure what people expect really. Warren Buffett?

Not to mention that we can get and I hope we will get more non-executive directors in future bringing even more experience. But much more important will be who are we going to get to run our daily operations.

Apologies for this long post, but I couldn’t just stand by.

All IMO and I wish good luck to all SH!