HI Moyston,"What I find hard to accept is the lack of clear...

HI Moyston,

"What I find hard to accept is the lack of clear formal communication from management to shareholders."

There is a very disturbing tendency not to draw direct attention to the negatives.

The headline in the Q222 update Indicated that funding discussions remained ongoing when it is now obvious that they had stalled because there was insufficient copper production in the mine plan in the current price environment.




"May effect financial and operational decisions" In the following paragraph from further on in the Q222 update Is way off the mark in adequate continuous disclosure when management and the board knew the current mine plan didn't include enough copper production to support the completion of a loan agreement with the lender and because the MC51 failed in its mission to complete the 500m decline and underground drill platforms a new plan needed to be adopted