Ann: Trading Halt, page-14

We have fantastic assets but our management and their decision making is an absolute disaster! A clean out would be in order, management have actually done F all for a year now.

How is it possible that all of us in here are awake to the positive gold market, yet management have been asleep at the wheel the past year?! What have the funds of the last raise actually been used on? Seems like management fees to me, plus benefits for RVT.

Look at the Aussie gold price chart since last June and the time of last raise, been creeping up since $2650aud and now consolidating in the $2900aud range. $2650aud was still damn good profits even with the high $1900aud costs associated with production. Still a $700aud profit per ounce. Most companies and managements would have been licking their licks if they had that in front of them. They would have used the cash last raise OR raised more cash at the time to be production NOW! Not waiting until now just to make the call to be production 2H 2023. That’s a lot of profits we are missing out on!

Plus why on earth are our greedy management team not buying on market?! Surely that’s the least they could do. Some decent buys by them in the past few months would have boosted the share price at least 20-30% with how weak the sell side is. Could have done this raise at a better premium imo. Overall lots of own goals by management the past year and I am disappointed.

However after all the negatives I’ve just said, name an Aussie gold producer about the make big profits that’s at 4.5c, seems way too cheap to me. The major reason for the horrible share price is poor management because our assets and outlook in the current environment is fantastic Imo.