Ann: Quarterly Activities and Cashflow Report, page-201

Hello Imatra,

Up until now I had assumed that the way AK runs ROG, he and the team, come across as incompetent. I now realize that his lack of operational efficiency, failure to keep holders fully informed, cut and paste quarterly reports is more akin to chicanery. Now I realize incompetence has nothing whatever to do with his methodology!!

[1] For example for a skilled operator, not to consider that a well pump that has not functioned for say 20 years could easily fail on startup. One would have expected that at least some planning would have been in place for replacement spares or replacement pump.

[2] What happened to the cap raise funds for the seemingly abandoned drilling campaign. Only silence for the beleaguered and frustrated holders.

[3] If only holders could act at the next AGM and deal a blow to the "remuneration report"!