Well said. Hence why I've bought the pullbacks today.

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Jard77

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13/01/21

11:07

Post #: 50133602
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Originally posted by Onspeed: ↑

This is the first full quarter that new management/BOD has had the reigns, and what a turnaround. Moving the company from essentially an indebted shell (which was about to dilute the SOI by 100%) to a determined explorer with a clear strategy, significant new land holding and strong team

- strengthened MC
- removed risk to capital structure
- successful and fair capital raises
- debt removal via equity (at a premium!)
- BOD and Executive remuneration via EQUITY, no cash
- experienced management bought in (both money and exploration guys)
- repaired investor relations
- director on-market buying
- multiple tenement acquisitions
- BHP survey data acquired at near zero cost (worth millions)
- updated and tidied corporate side (19 AGM resolutions!)
- optioned contractors for payment via equity
- cost saving measures, office changes etc
- institutional fund introduction and investment
- geologists onboarded (Burke Geo and MSA)
- sampling completed and sent for assay
- Marketed the company successfully

All this, while also managing their own businesses, brokerages, RE projects, company positions, during a pandemic, during Tanz wet season and over the end of year holidays.

We should be quite happy with the work that has been done to date, don’t let anyone tell you different

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Well said. Hence why I've bought the pullbacks today.

ADD Price at posting: 7.1¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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