re: Ann: Notice of Annual General Meeting/Pro... SurfsUpDoods,If...

re: Ann: Notice of Annual General Meeting/Pro... SurfsUpDoods,

If you ever worked for Government, how do you make bad news, bad history "go away"? Fire and floods destroy reords...we have yet to see that of course...or change the names of things..new programs, cancelled old ones..obfuscation is what is called for. Thats why you are confused. Deliberately so.

CTO have been mining "experimentally" for a few years plus CTO drill from a distant roadway to intercept the veins, they sample regularly from the mining face as mining face proceeds, CTO has loads of drill holes plus a hot shot geo-statistician and? ..no updates in quarterlies, no upgrade of JORC.

Why are shareholders fed banalities, yet any Chinese company can wander in a get a look. Other companies give extensive reports on drill core analysis, plots of distribution of ore, 3D diagrams..they are proud of their resource. Just what do we have here, what volumes does it say about the attitudes of management?

And now an AGM as far from the maddening crowd as possible in Townsville. Gutless you may suggest.

My sentiment is hold and hope.. hope a bigger fool turns up..basically adopting management's strategy. I scarcely want to apply the word management with implication of judicious and balanced and competent judgement when all we have ever seen in the last three years is ill-timed decisions and mis-steps producing literally nothing.

I think we have to conclude that this gold mine is fundamentally impossible to mine profitably with the current mamangement because a huge sum is needed to get the ramp up needed, and unless that sort of money effectively gets control, the money isn't coming. Catch-22?

We arrived here because of a dearth of competence in the leading group, and a lack of connection to the general gold mining industry peers..for example did not go to Diggers and Dealers the major meeting of gold miners..why? Can't be airfares can it..what a chance to rub shoulders with peers. But no..pass..be like a witch doctor arriving at a physicians conference, why embarrass yourself. You wouldn't. And they didn't.

I never imagined it could be so hard to play with a straight bat, but if you are caught in a lie its hard to fess up.