It is as you say mode. Initially TNR ASR were a simple gold...

It is as you say mode. Initially TNR ASR were a simple gold explorer. Then BullionFX, Tarmoola and then REE.

The management seem to lack focus. They seem to think that they can bullshit the market. Eg the series of TNR announcements that said multimillion Oz deposits, when they didn’t even have 150 k ozs.

Given ASR have limited $$$$ resources, they should be allocated in the best way possible. It needs to focused and simple. This needs to be communicated to the market.

If it were me I’d do something along these lines.

1. Stop the cash bleed at Tarmoola. You need someone experienced to run an operation like this and the locals LOVE watching the suits from Perth fail. I’ve experienced this when I invested in a FNQ cattle station and lost heaps. So turn it around, or sell it. This also applies to the contracting business. This has to be done immediately. You’ll need a no bullshit approach to this. I reckon it may be that ASR management are believing what they’ve been told by those locals with vested interests.

2. Decide where exploration funds will be spent and explain to the market where and why. Gold or REE? Or both if feasible…..The last announcement that the REE exploration had been “ fully approved” was another ample of hood-winking the market IMO. “Approved” by who? Themselves? If it’s REE, apply for some of the government grants that are about. We need every dollar we can get our hands on.

3. BullionFX- Decide if it’s core or not. If it’s not core, unload it. Get anything / something for it and move on. If it is core explain why so the market understands.

4.Get all announcements vetted so ASR stop putting out stuff with errors and grammatical rubbish.

Just my thoughts…