Ann: Multiple New Priority Exploration Targets Identified, page-28

Ideally:

Finalise this NEX crap, management should be on reduced salaries until it’s done. Myself and others rightly pointed out concerns with the arrangement that was originally penned and those concerns turned out to be valid.

Then they should do at least a 1:8 consolidation and raise on the back of it, with a detailed plan of works to spend that cash.

That’s the only way I see the company digging themselves out of this self inflicted hole.
The current SP is going to make dilution revolting moving forward …. Because you’re now looking at a 50% discount to the SP (Nevermind the options you’d need to attach, to get CRs over the line now).

Such a shame, tenements look good and they still have Admiral Bay collecting dust on the sidelines (unless I missed an update/sale on this).

All IMO etc etc

Cheyne