AGM Meeting 25-11-2022, page-41

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Gollada

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14/12/22

07:10

Post #: 65301654
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Originally posted by coto: ↑

Thanks for taking the time to post AB! A great summary for us to read, especially all of us with busy lives and work and families etc who can’t make it to these things.

To start off, I am disappointed with managements performance and lack of foresight and misuse of shareholders funds to the point that we may need to do a placement/raise at these low share price levels. I am amazed that a nobody like me has more foresight than experienced management and directors of an ASX company. I have been saying to focus on the gold and copper for the past few years relentlessly in here. I even emailed management a few times telling them to forget about the HPA. Over 20 HPA price sensitive announcements and a dwindling share price. Surely after the 5th, you get the hint! Yes gold was lagging and went down during most of the pandemic and Ukraine but gold will always be sought after. Now it looks like gold is about to go off in a big way, the big producers NST and NCM are starting to lift off. They are always the first to go crazy, then it trickles down to the mid and low cap goldies. Also, there have been a few signs overseas with the USD gold price that a reversal is well in order and solid base was set in recent months.

Imagine that 6mil plus wasted on the HPA used for multiple drill programs in these prosperous regions of the Tennant Creek tenement. Hitting similar intersections and assays of our neighbours. Our share price would be multiples! Am I disappointed? Yes of course! But have I given up, no way! I still hold and this Tennant Creek tenure will be a company maker as long as management finally decide to solely focus on it and get some competent people and geos targeting the right areas. Especially from these lowly share prices, it’s a no brainer to be involved from these levels with the potential at play.

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Just wondering why did they give up on Vanadium (specially given that they have the largest deposit by tonnage)? Is it an issue with the grade? The resource grade is on the lower side by the concentrate grade is lot higher?

screenshot from the October 2022 quarterly activity report:

KRR Price at posting: 1.2¢ Sentiment: Buy Disclosure: Held
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