I haven't really examined the report in any forensic detail -...

I haven't really examined the report in any forensic detail - but pleasing to see commentary about a reduction in headcount and costs. A necessary adjustment.

The Chairman's letter seemingly told the story about Mothae 'we were having to subsidise the mine at an unacceptably high level, which was not sustainable'.

Yeaaa. Probably the less said about that, the better. The malignant growth has been excised.

I was critical of the board previously referring to Mothae as a 'non-core asset', but in fairness to them, our NTA value declined from USD $71.3m in 2024 to USD $64.8m in 2025 post the divestment of Mothae - so in a purely accounting sense, Mothae was a non-core asset.

And @Lollies will be interested to note that we are trading at a whopping ~ 7% of NTA value. The market has completely written this off - but I say the market has it wrong.

Plenty of upside here, in my opinion. We need to get some money repatriated from Angola and get in front of some serious investors that have an appetite to actually BUY SHARES ON MARKET, not pick up shares in deeply discounted placements.