Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-33

27/10/21

The scary thing about this company is the massive pay rise for the managing Director, and Massive slice of shares he has acquired via essentially using the companies money with S3 to pump the stock. Massive alarm bells as the incentives to move the direction of the company forward in a timely manner has really disappeared. The AGM should be interesting and hopefully evidence of massive work behind the scenes is provided. However, at this stage, we have three big holes, with nothing of commercial value, no new tenements acquired as a back up in last year, drilling into areas which were deemed a lot lower chance of success than initial and maybe most worryingly for a 30 mill company is a future timeline that is vague.


Interesting reading back old posts. This references the S3 pump almost 2 years ago. Also talks about moving the company forward in a timely manner.

It has taken Two years and we have a new tenement. Sp down from 5.8-4.6 (21%down).

since then, more options for the directors, investment from GLN and well re entry sample results due. Really is an interesting time. (Albeit we will conveniently not talk about the berinka and newleyine elephant). I wonder what a look back in another 2 years will show… hopefully a lot of happy shareholders! Happy new financial year holders