AGM zoom meeting, page-3

Hi Mickeymouse,

I have a plethora of questions for our Chairman, but I have decided not to waste my time. The simple reason is that I have heard so much bull coming out of his mouth for the past 5 ½ years I now realize asking them would be a completely fruitless exercise.

The only question regarding the past I would like to ask him given his previous statements through all those years is. Who or what does he hold accountable for BSR not being in a gold producing position prior to the advent of the Coris 19 virus in March 2020? Get ready for the response though, he will have a list as long as your arm. Anyway, our Chairman has never been one to dwell on the past. It is always about the future of BSR. What he intends to achieve with the company.

When he makes known his new plan for the company, I strongly suggest you earnestly review it and give it the degree of credence it deserves based on past performance.

Whatever that plan happens to be, the goal of getting the ASX suspension lifted will be at its epicenter. How else will they be able to raise the additional capital needed, no matter what the final figure turns out to be. I expect the additional Coris bank loan funds will have all been exhausted by now.

I am not really interested in the AGM. It will simply be another non-event. I am waiting for the release of the June 2020 quarters update to see BSR’s present liquidity position. To see if in fact, the company has any real life left in it at all. Again, thanks to Alex and Ian for their timely cash flow planning.

IMO plan or no plan, at this point of time with these guys at the helm any future positive result for BSR will simply arise due to a great deal of luck or possibly some divine intervention. Not simply because the Board has told me it is going to happen.
Personally, if I owned a mobile hot dog stand at the Randwick or Fleming races. I would not let any of these captains of industry operate it for one Saturday meeting. By the time they found a site, set up the stand, heated the water and prepared the doggies and bread rolls the race meeting would be over. Without a sale being made, the sun would have disappeared, day become night and all the patrons for the day would be back home comfortably sitting in their armchairs watching TV.

I am presently doing exactly that, but I am watching movements of the gold price thinking of what could have been.

Without question I think that clearly demonstrates once and for all my opinion of this Chairman and his Boards ’s management capabilities going forward. IMHO the outcome for BSR still all simply rests on a hope and a prayer.

Good luck with the AGM. Maybe our Chairman in his statement to shareholders can open it with the famous words of Dr Martin Luther King Jnr, “I have a dream” and continue from there, because from where I am standing at the moment that still remains to be all he really has.