Ann: September 2022 Quarterly Activities and Cashflow Reports, page-7

I’m lost to understand how this 1/4 is any difference to previous.

The cost structure whilst trimmed seems to mirror previous 1/4. I think it’s nearly being run as efficient as it can be at a site level, maybe the corporate office needs more “pink slips”?

Grade has fallen and it would seem the operation needs to produce 5000 ozs. per month just to look like breaking even.

Previous posters comments about directing the attention to exploration to take the focus of a assets that continues to underperform seems to be true.

If it wasn’t real money being burnt here it would nearly be comical.

At least the state government is making money through royalties, it would seem private enterprise is happy to pay to mine loss making ozs to send Mark McGowan a cheque each month.

When do the directors make the decision to call and end to it and place it into C&M? Another change of management isn’t working.

LP