Ann: $3m Placement and $1m SPP to Launch Tunkillia Studies, page-5

Don't mind them mate, they're just having a sook that their little play up the road is having lots of internal issues financially and legally not to mention their assets don't stack up, hence the lack of resource definitions. If you ain't adding resources, shut it down.

Adelaide is a small place and amazing what you can find out when you buy some staff a few free beverages, they really should pay them better. May go over there and drop some truth bombs on their threads. Once people see it, they will not be able unsee it. There's a reason once reputable consultants have worked there, they all leave and never want to go back.

In the meantime, scuttlebutt on BGD (brilliant gold developer) is that the current institutions wanted more exposure based on the results the team has been achieving and there has been some more buying from new interested parties.

MAKE NO MISTAKE THIS WAS DONE TO ACCOMMODATE INSTITUTIONAL cornerstones as they will be the ones ponying up favorable terms when we restart the Gawler mill for early production.

Current shareholders also get a look in at the same price 24c up to $30k so can't complain about missing out. Looking around there are a lot of raisings at the moment across the sector and their discounts are 20%+ we got this done at a 7.5% discount to 2 month VWAP of $0.259 and no free attaching options which most other companies are having to do.

During the past 12 months, Barton has delivered three JORC Mineral Resource upgrades at Tunkillia,
adding ~530,000 new ounces of gold at an average ‘all in’ cost of only ~A$15 per ounce which is an excellent result. Anyone who doesn't understand this is clearly a simpleton and this is backed up further by the action of cornerstones backing up the truck. Hell there's companies out there who haven't produced any resource upgrades in many years but keep their lifestyle directors in play, clear not the case here.

Alex and the C suite understand the bigger macro picture in play here in the PM space and so will the bond markets once they shift to the gold sector and we will capitalize on it, hence the aggressive and successful pace and the results achieved and the quality of the register. Shanghai price now dictates markets and gold is now an oil currency, once this dawns on western institutions, the sky is the limit.

World Bank has just released this re Gold, very timely methinks and what a runway BGD has to capitalize on this as the sector rotation kicks in.

https://openknowledge.worldbank.org/server/api/core/bitstreams/8471d7ce-80be-4da1-93f7-5aba0e35c3c5/content

GOLD INVESTING
HANDBOOK FOR
ASSET MANAGERS


Anyone not understanding this may want to go elsewhere but those that do follow the smart money, will understand what is being built here. We're not in the business of chasing the latest fads like uranium or whatever just to reinvent our tired selves for the next round of retail punters.

Asset management and development is the name of the game here and this is being proven by results to date and support of the smart money at very favorable terms.