You can tell they're happy with the current situation/cash as I can't remember them ever lodging the quarterlies early!
Good to see over $4M cash at the end of the quarter (bit more than I thought they'd have).
![]()
Looks like we'll get an announcement on Myall shortly re; what/where they're drilling - MAG/FMG Exploration Committee formed during the quarter and finalising the program:
![]()
Exploration (close to end of quarter) restarted at Wellington North project, starting off at Boda Southwest:
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They've also (a bit) surprisingly already started reviewing targets at the Parkes project too and will commence exploration there next quarter:
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And another surprising one is that Adam has kept his salary reduced by $25,000, even though they have plenty of cash now:
![]()
Feels a bit like a different company (lodging quarterlies early, cashed up, MD voluntarily reducing salary, operating jointly with a Major miner, exploring over 3 projects simultaneously..).
Cheers,
GB.
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