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clock Created with Sketch. 31/01/24
21:22
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Originally posted by Mac1970:
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Well Kessel that is a can of worms! Got my boys working......and IMO I've never seen anything like this! later in Oct 2023 . So for all of 2021 and 2022 FY, and most of 2023 FY Polymetallica did not have any granted tenure and its only asset was Uranium rights on KOR's which we haven't seen any results.Get this though: At 30 May 2023 Polymetallica had no granted tenure, but had 1002 exploration blocks under application. Now before everyone says that is a minimum annual mines dep rates/shire rents/expenditure commitment of $1.2M, in reality only 441 exploration blocks exist on the ground. Many of the blocks were applied for 2 and 3 times over, and according to my team only 29 blocks were applied for once. Why????
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Yes I sniff a rat here BIG time! as they have never updated the holders have they?. This must be reported to the ASX or the ACCC as this is just a joke! I thought these companies had to be transparent! But it looks as clear as mud to me! I don't trust anything on Korab letterhead anymore as a shareholder!
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