Ann: March 2018 Quarterly Report clarification, page-49

Just like the end of Grease “the whole gang is back together”. I really don’t know how the ego shows his face around here after I took him on and proved his lies with his own words he admitted that his account is his alter ego and posts alternative truths. He had a sell sentiment at $1.55 about 9 months ago and downramped massively coming up with all sorts of BS. So GXY is is about 100% higher today. Great work buddy. mmoore loves to go into great detail about financials and mostly seems to get it wrong, I remember his TAW statement that the SP will be 25c before 60 just before it hit mid 50’s.

Anyway lots of negativity around and it seems like subs has been doing a lot of the heavy lifting supporting the companies worth. As he has tried to state over and over again, it’s pretty simple we made added $20 million to the bank on a three ship month from MtCattlin after all costs associated with three resources. It does not take a genius to see things are still going well and we are still looking at $100 million profits this year after expenses and these jokers want to argue as to whether we are actually working at a loss. Sure some of the indicators were a bit lower than the previous quarter but since we have hit a steady state these will move around from quarter to quarter.

Yes we would all love more info but this the way we roll lately. I am not a fan of it but fully back management to run this as they see fit. As I have stated many times, they are playing long, they don’t care about the day to day swings and I am glad that they are not trying to desperately protect the share price if they can see the road clearly ahead. I have no reason to think that they don’t. Time will tell as to whether that are playing the right strategy. They have good profits on the books for two quarters now, I imagine they will try and get one more up their sleave before going all out to get SDV up and running. Seems like funding is not coming cheap and those we are dealing with not giving too much away. By mid year we will have $100 million in the bank and can start going hard. At this point we will not be beholden to any cheap arse deals. Imagine if we did a JV on SDV a few months ago, best case scenario is we lose 30%. Now that’s 30% of a few hundred million profits a year. With $100 million in the bank and earning another $100 million in the next year while we build it, we can get SDV done with offtakes and debt rather than lose equity.

Anyway this is how it is being played out if you are happy to trust management, good and hold onto to your shares, if not fine sell. Either way is fine but what ever happens don’t be a dick and turn up talking BS, bad mouthing the company and those that stick around to see it play out.

I imagine on the long term chart we are still in the upwards channel.