Ann: $10 Million Placement To Fund Mine Extension Drilling, page-60

While I am sad to see Duck go, I can understand.

My belief was that I was getting in early enough to have a decent share in something good. Not a big percentage but enough to make a big difference to a small time investor.

HGO lived off the smell of an oily rag, so to speak, for years. Somehow I thought we would get a decent size business by growing it off the kitchen stove, again so to speak.

Unfortunately, I have not added that many shares to my holding as the shares were diluted.

I was originally quite happy to sit tight for longer to debt fund and grow the business from revenue.

Now I get the arguments for the raisings and time will tell if I end up better off because of them. Maybe, but only maybe, in my view. Now VYR is convinced the raisings will end up being to my advantage and I respect that view - could well be right. A smaller share but of something much bigger….

Time will tell

I am still weighing up whether to increase my holding to get back to where I was. It will be a battle if I decide to.

I get that I am small time and have no say in it all. Power and money always calls the shots in the end. I accepted that many, many years ago.

Perhaps I should have seen where this was all heading….

So I can understand why some would see that it’s time to go.