Ann: Annual Report to shareholders, page-2

me with my cynical corporate hat on, i can see they've upped their corporate governance and ESG focus.
1st thing that i noticed was the chinese symbols on the front cover. Dunno why but it just stuck out. Seeking listing on NASDQ, received US funding, based in SA...chinese labels on equipment


after scrolling through 5 pages of report governance, i see they've changed their Vision. What kind of fluffy drivel is that. If thats all they aspire to ...omg

they later go on to explain its an "operating philosophy.
FYI - the goal of pioneering cleaner energy and carbon reduction could be a much better vision




This is a questionable claim - they turned it on...but exactly how much helium have they produced ???
Phase 1 anticipated 310kg per day
Not until Pg 72 we get a helium operation review - still no mention what the production rate has been
Just some mention that nameplate capacity will be reached in FY24 - that could be a long time from now






Good to see the consultants have used PESTLE and SWOT analysis - would never have worked out that Helium and LNG could be Material Opportunities...

33 pages before getting to the chairmans and CEO statements. then back to corporate governance - sigh
and i thought Banks were "verbose"
Must be upping their game for NASDAQ

Quick look at the balance sheet. (my conversion to AUD)
4.5m cash
5.7m in trade payables ...thats going to get interesting. NASDAQ listing better come soon







No Helium sold yet


Interesting to see ivanhoe still hold nearly 4%