Ann: 2022 Annual Report to Shareholders, page-32

I’m only quiet because punters went banana benders over one core result, and turned on a dime.. It didn’t make sense to me, and still doesn’t, for various reasons I don’t really want to get into here, simply because those have already made up their minds..

When it comes to financial instruments, people usually become irrational and fear takes hold then emotions run rampant..

I am still here, I read everything, I have my data, and my posts from a couple months ago are still valid in my opinion (until they aren’t which will be evident at the agm) .. I can tell you right now that we are being pip traded by at least three soph/insto brokers (brokering for others or themselves I don’t have that granular info) but merril lynch is the front runner..

They’ve been pip trading consistently since early September..

I played with orders last week, on three consecutive days, placing 100k orders at 3.7, 3.8 and 3.9c respectively and everytime when there were no bids at those values and I placed my order, anywhere between 5k and 7k volume jumped in front of me.. how’s that for manipulation??

The data also tells me that it’s retail selling out still.. although the ratio of net value transfer between retail has increased since first half of the year, it’s still non retail brokers brokering more positive net transactions..

Most don’t understand detailed macro economic issues and the global tyranny being imposed on the middle class that has rapidly onset since January.. There’s many dots to join and there’s wicked problems everywhere..

Unfortunately when management planned the raise and options strategy, the majority would not have known the wider issues being experienced now were coming, some had an inkling, those of us who try to crystal ball 3-5 years into the future could see some turbulence ahead in multiple markets and bubbles, it’s the timing and ferocity that was underestimated..

Am I happy with the situation both from a market/fiscal and information perspective? No I’m not.. I expected that we would have more information by now, assays or otherwise.. Do I speculate there’s some internal board/management issues? Yes I do, because with any change comes pain, especially if you have changing board members..

But as someone who has experience in huge change projects in previous lives, this was to be expected..

Im surprised we are holding circa 3.5c to be honest considering the gamut of issues being experienced both at home and on the global stage..

But I still hold, and wait because nothing in the ground has really changed just yet..