Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-32

Well, I'm not sure why I shouldn't like this "fail/inept" management.

Since John Young came onto the Board in Sept'19 they've moved from a share price range of 2-3c, raised $3m at 6c and another $5.5m at 11.5c. That doesn't look too inept or a fail to me.

We'd all do things differently. But that's not too shabby. And puts aside their past success at Pilbara Minerals.

Since they added Derek Marshall as CEO last Sept, see the quarterly summaries below.

It looks a good time to be buying, below the last cap raise, with seasonal exploration work in progress and nicely cashed up. And with that added potential of a lithium spike from the 'highly prospective for LCT pegmatite' Tambourah project , the BUX coincident gravity/magnetic anomaly 'IOCG' target farm in to be drilled in future (Marshall was previously exploration manager at BUX) and with additional tenements lined up, in addition to their immediate VMS and gold targets.

It seems to me they're cashed up, have been busy enough with target identification, and have enough decent targets and prospective areas. And a Board track record. Happy to be holding. And an opportunity to buy here from those getting shaken out at the moment.

It's a different but not contradictory view from others posting, but there you go.

Will be interesting to see what additional tenements they have lined up.