Ann: Pilgangoora Projects Update, page-75

Ah Well, half my shares went at $2.51 when a stop loss triggered.
Can't say I'm unhappy about this. Its covered my total original investment plus a small profit.
There are a couple of things I have been uneasy about for a while.
I am not a proactive type. The fact the company has been running at an operating loss for the last 3 years is a concern.
So it's huge market cap must be based on potential.
Also I don't think company reporting is very transparent.
According to Ord Minnett's private client research, the monthly spod sales are 'average' $/T and incorporate BMX sales which skew the figures.
In the podcast from the other day, Ken admitted the $ for spod sales did not hit the books for a couple of months after shipping.
The expected US$1650 to US$1800/T will not hit the books until next year.
I think the calender year 2021 financial results are going to be pretty ordinary.
If this is the case (and I hope I'm wrong) the excuse about plant failure won't stop us taking another hit.
Not a good time for directors to help themselves to a bucket of share rights. How long before we hit 4 billion?
Despite all this gloom, I think next year will be a corker. I'm hanging on tight to the rest of my shares, waiting for the fat lady.
btw. does any one have info on tantalum sales and profit?
cheers