Ann: Investor Presentation, page-29

He virtually told us that they will be increasing the resource as fast as possible incrementally until they engage in some sort of corporate merger or takeover activity

And what does "increasing the resource as fast as possible incrementally" actually mean? If he means GML will announce to the market incremental increases in JORC (or even estimated) resources then that is probably yet another bold-faced lie by management, because GML previously stated they were going to do that and yet they've been completely silent on resource updates for close to two years. Instead, they've focused on enhancing their own wealth at Strickland Metals. No wonder the share price is where it is, losing half its value over the last 9 months.

If "increasing the resource as fast as possible incrementally" means periodic drilling without going through a formal JORC estimation then, well, that's a meaningless statement because almost all gold miners follow that strategy.

Given their recent performance and dealings we can no longer believe what management are telling us, unfortunately. Good to hear they are targeting at least 700koz JORC though (assuming it is not a management pump).