Ann: Presentation to Virtual Gold Conference, page-45

Wowee, you think that management escrowing their shares for 24months is a BAD thing?

You really are clutching at straws!! Escrowed shares mean that they have their interests in line with shareholders, they can't just sell off the back of a successful IPO, they actually have to DO something in the next 18months if they want any value at all to still be there when their shares come out of escrow. And Mngmt hold 33% of the register mind you...That's skin in the game. That's confidence.

In 18months they'll have done a lot of drilling and an updated MRE - they'll know (and so will we) if this thing is going to be successful by then. They'll have used the 11.6mil on drilling by then there is no doubt. If 12-18 months down the track shareholders aren't happy with how this is tracking then guess what? We can sell out BEFORE the directors even have a chance to. We can leave them holding the bag.

On the other hand, if they increase Tunkilliah to 1.5Moz, drill Tarcoola and find more high grade section (both at Perseverance West, and possibly at one of their other targets spotted by their surveys), then they will have a bloody good idea of if this can be a monster and they'd be mad to begin to sell on market (and will let the rest of the market know they're selling btw).

Some comments are literally too dumb to comprehend.