Ann: Strategy Funded for 18 months - Jupiter Rising, page-42

My take on the announcements:

Positives:

A) Share buy back. (unmarketable parcels). Finally.

B) With $12.1million in the kitty. We have more than enough cash to see us through to production and sales.

C) Good to see TL & PL making some changes, which are positive. However, need to be more bold, dynamic and move with more urgency, motive; discipline and direction.

Also, believe that our “CFO” needs to put in more elbow grease and not slacken off.

Also, from here forth, would like our news coverage and highlights put through the “Financial Review” news paper.

Negatives (Not necessarily- Would like it to be seen as constructive criticism)

A) With $12.1million in the kitty. There is no need to divest “Tassie” assets further. This is with respects to Mt.Lindsey in particular and Livingstone.

Furthermore: If the Boron comes up good, then Mt.Lindsey comes into the money and it’s a goer. It would be a great asset in its own right.

If we sell Mt.Lindsey (our darling and baby) and we find we out that we have issues at Jupiter, then what happens then may I say.

In the current announcement the BOD has already stipulated and indicated all the risk factors that could go wrong at Jupiter. (Yes, I do understand it needs to be addressed, however it’s also an eye opener).

To add: With an estimated $12.1 million going into the bank, we should now wait for Boron Results From Lindsey.

To do any undervalued sale on this asset would be detrimental to us. We need Mets from “Jupiter” to prove its viability and Boron Results from Mt. Lindsey” first. To do other wise would reek of a previous deal being done.

B) Open ended time frames to long (12 to 18 months to long). Shows incompetence and lacklustre performance from the BOD.

Would like see some sort of confirmation; indication and completion of the following In the short term, Interim time lines. (meaning in the next two months):

A) All Drill results completed.

B) Met work results rolling out.

C) Volumes / Tonnages (MRE).

D) Indications of “Jorc” compliant submission.

C) Would like to see better transparency and justification of funds used and spent.

All costings going forth needs to be itemised in reports and announcements. Should not be open slather by the BOD with the check book and our money.

Two line justification of expenditure is not good enough. Sorry.

a) Resource, exploration drilling and assaying $3.5ml.

b) Metallurgical Programs $4.0ml.

To Conclude: Shareholders should always have their thinking caps on. Question and Reason, whilst being Critically and Deductive.

Again shareholders could take my comments for what is or how they like. At the end of the day, it’s the way I see it.

For some shareholders to say I have an hidden agenda or it’s negative, etc, is a load of crap & BS. I don’t care. I’ll keep calling it out for what is it.

Please, do your own research and DD. This not financial advice. Just my opinion.