Ann: Change in substantial holding , page-2

Starting to look extremely cheap as former director/founder continues to sell down.

Quarterly shows $5.7m left in the bank, burn rate is high but they are producing some good results to show for it. If they had announced those Sibium Cu grades in a separate ann instead of buried at the bottom of a quarterly they most likely would have got the run they needed to clear out the overhang. And with Liamu shaping up to be a very large system, its a shame they can't expedite the drilling so that it happens happen before they run out of cash.

Obviously not as focused on generating shareholder wealth as the likes of FNT, but thoroughly undervalued nonetheless. Main question is whether the overhang can be cleared this side of the next cap raising - I'm betting that it can.