Ann: Appointment of Chief Operating Officer & Management Changes, page-6

It is never a good sign when one of the top officials suddenly departs. It makes one wonder what the real reason is.

Of more concern is the total lack of news about drill results. Winter weather cannot be the full story; it may slow progress, but not totally stop it. The last set of results were 3 months ago for holes drilling the infill and testing the southern extension. When the permit came through for drilling the downward plunge the rigs were all moved. The fact all were moved indicates the southern extension did not give exciting intersections. We never heard of any results there. Now we are some seven weeks after the rigs were redeployed, yet not a single result. Compare this with the turnaround time in mid 2018. Management owes at least an explanation for this. Oh well, the quarterlies are due soon and hopefully we will learn then more.