Ann: Leadership transition to follow new funding, page-8

Another casualty of this Ni rout. Totally understand CJ's decision. I found him to be straight-up and very professional (in what I saw as a very difficult position) in my limited dealings with him. I wish him well and hope he quickly lands on his feet -- most likely in gold.

Pleasantly surprised to read a current cash balance of $2M, before receipt of the $1M Signing Consideration. Suggests a marked reduction in outflows this quarter that was better than expected. Will be interested to see where it's at for the EOQ reporting (i.e. whether there' were any lumpy outflows between now and then). That said, it now looks like they'll be right for cash until deal Completion.

POS is morphing into passive explorer now, stuck in Ni. (With CJ leaving I don't envisage any pivot to gold.)