Ann: Potential For Phosphate Mineralisation at Frewena, page-199

Tall.

I see it that Adam Taylor was guarding his stake in the company as a major holder of above 5% he forced the issue about the funnelling of funds out the door. It could be seen that RB had no handle on the spending and matter of fact his drilling program had not been priced and he hd no idea what his proposed drilling programme would cost. He pressed forward anyway gave that job to Rob Heaslop and then when the costs starting accumulating against meters done some realised we were not going to cover the proposed campaign with the funds at hand. Panic buttons were pushed, the core wasn't showing great outcome and the budget was being chewed up.
Brakes on, in stepped Adam to guard his investment by toppling the king and taking control.
Second to that he just only has 5% so he needs to watch he doesn't lose control if a capital raise is required and shares are increased his percentage if it falls below 5% could see his position at question maybe.

So here we are all the money nearly spent and only 2 actual assay results published and holes 9 & 10 still out there.
But we are told its a technical success what ever that means, we can see what it really means by the share price. Now we are again living off shirt tails of others regarding the phosphate due we don't know what we have but we know what the people over the fence have.

Remember Adam was a happy investor until he saw the share price go south and he had to act to safe guard his 5% stake.

Cheers all hope Xmas is good to you,
I know mine is and will be quiet due the cash watch has been applied here also because this share may not come back for awhile ahead. They say we have great ground and they say Majors are sniffing but we the holders are just left in the dark really so hence the exit of holders.
Some need cash for the festive season and need to sell just to make ends meet because this has taken along time with many delays. I like some contributed to capital raises for years and now find I hold a lot of paper that is somewhat worthless at face value presently. With 4 capital raise and 2 failed options under my belt to this management mostly RB so if you wonder why I am dirty on the guys performance you may consider the sums of money I have handed over on his words and Announcements.
I presume Adam Taylor and many others feel same.

Merry Xmas All. Allens.