Ann: Dec 2020 Half Year Results Investor Presentation, page-101

Well thanks LOC. That explains why it moved to Brisbane, but it's not a good reason. Why did the others on the Board agree? Do they need to go "incognito" too? Without buying Dargues we would probably be close to $100 mil in the bank again, and with Kairos kicking in next month, and Federation likely within 12 months, I could see $1 on the horizon. The 57c target for Dan is a kick in the guts for all long term holders, some, including me since YTC days. There are serious problems in Australia with how senior executives are remunerated, let only how critical decisions like the Dargues purchase can be pushed through while escaping the scrutiny of shareholders. There has as yet been nothing reported to shareholders that suggests there are likely more reserves at Dagues, than the current mine. Certainly the immediate area around it is very uninspiring. Where does this potential lie? What targets have the Board identified and what gives them the confidence that there is gold there? These are the types of questions that the Board should be answering, not just reporting some vague statement about a supposed existence of possible targets. Nothing in the presentation is useful in this regard and I find that alarming given the $$$$$$ we paid.
I also agree with you about market trading these days and the use of algorithms. I'm not even sure how shorting became legal, but as a trading mechanism one can see how it can work against the masses if a few who are wealthy decide to target a company.