Ann: CHN survey returns multiple new targets on Julimar Lookalike, page-33

0.16 AUD – 15 June 2021: “Wooohooooo, soon time for this Lambo”……

0.12 AUD – 7 July 2021: “All is well. Just a minor correction”…. Down 25% from June price high.

0.10 AUD – 19 August 2021: “Venture books first shipment of Iron Ore. Let’s go baby!”….. Down 37.5% from June price high.

0.070 – 24 August 2021: “Just a slight dip. The money is soon to pour in”…. Down 56.25% from June price high.

0.050 – 11 October 2021: “Chalice will get this price back up soon. Just need a few positive announcements”…. Down 68.75% from June price high.

0.040 – 7 January 2022: “The CR was a success. Just a short term tree-shake. Expect us to pump from here. Only way is up”…. Down 75% from June price high.

0.038 – 27 January 2022: “Just part of the wider market correction. Chalice will get us out of this mess”…. Down 76.25% from June price high.

At what point does one concede that this company (and management of) is in dire straits? Most are praying that Chalice get us out of this mess, even in just the short term. How much skin do management have in the game? Where are the timelines that shareholders have been begging for? What price does IO (57% Fe) need to hit for production to recommence at Riley? What is an appropriate shipping cost that will allow us to obtain profit? No answers have been forthcoming.

This quarterly will finally provide some much-needed answers, and I suspect they won’t be pretty. The market always knows before the small time investor.

P.S - I rarely comment on here, as many are in complete delusion about the prospects of this company, both in the short and long term. Any realistic posts questioning management are immediately derided as “down ramping”. Well, before those accusations are made with such haste in the future, ask yourself what sentiment you would have if you have held shares in this company for close to a decade like many on this forum and are experiencing losses illustrated above. At what point do you ask yourself if this company will ever turn a profit? Are we truly relying solely on Chalice to dig us out of this relentless fall in price?