Ann: Black Swan Update and Exploration Plans, page-44

Hi, definitely not an insider. I’m in the deep red here. I just joined the dots. If you look back at my comments after the Padley interview hit, I said that they did not have time to ink the deal. That was clear. As the last possible date for being early July was Friday, it was obvious they would have to say something on Monday. My view was if good news was coming and they needed a
few more weeks to ink, then they would have done that in the ‘real’ early July. The Ann would be around “hey, this is taking a little longer than expected, we just wanted to get it right, so we want to buy some more time” but they did not do that because they had other difficult news, eg no power, as well and needed to get that out. (the more cynical view this kept the tension in the share for longer, so more could sell out) That’s all my logic and workings out. What I have been operating on though is good people making mistakes, being human being, overly enthusiastic. I typified PH interview with Padley as naive. I think I’m the naive one. What other posters on here have suggested is the Padley interview was a pump so they, the Padley army could get out. I hate to think that this company is one of those of those on the ASX, and we know there are plenty.

I don’t know for sure. I’m just a pleb trying to invest for my retirement, and all I can say is thank goodness for Lion Town. That is an outfit with integrity. Saving my retirement bacon. What I do know is that this is a very disappointing and at best is just a large case of incompetence at worst could be as others have described. All my opinion.