Ann: Youanmi Exploration Update, page-58

Given the hype around this stock and the inevitable announcement outcome the financial impact to the share price could have been a lot worse. A close at 0.043 hopefully establishes a platform to build on.


Yes the result is unfortunate and for those that bought in towards the top of the trading range last year there is real and palpable pain. The blue sky estimates touted over the last few months can now be shelved and more realistic expectations can be contemplated. The failure by management to appropriately inform shareholders of progressive drill results, as they become available, is inexcusable. The concept of delivering a comprehensive picture of drilling outcomes does make sense if the company was actively producing - but not in the case of an explorer. This is a message that must be articulated to not just AP but to the entire RXL Board as they are collectively responsible and accountable.

There are still a lot of unanswered questions in regards to the future company activities. The forward plan below from the recent AGM presentation promises a lot and particularly those in Q1. It is time for the Board to be clear and open about progress made on all these fronts and even if there are confidential constraints general information can still be communicated. No more excuses!!!!