Bazz, not so flash.Tarmoola, was bought on the basis carbon...

Bazz, not so flash.

Tarmoola, was bought on the basis carbon credits would provide revenue and revenue at the time was good. Also that the equipment was in good standing.

Much money has been spent on upgrading equipment, so much of the earth moving equipment was not maintained.

But the worst is revenue. Investors back then we're not told tarmoola revenue was mainly from asra and after aquasition that would vanish.

On carbon credits, it was never setup up either and now aboriginals have put a native title claim on the entire station.

Doubtfull carbon credits will ever be recieved now based on native title claim.

You can buy assets that are loss makers if you have profits in other areas of you're business to carry them.

For asra tarmoola will be an expense every year going forward.

Then there is bullionfx. Plus 2 years and nothing. I get the odd email ftom bullionfx on gold, but nothing on progress to there ecosystem.

As it requires it's own platform, will never work as binance and others will never let them in.

An finally. Come Dec 2023 those note holders may ask for there money back. 2.4m.

Not just that but there is 12% interest, more than double the going rate and when notes done a % went to the broker also.

Asr should never have bought into bullionfx or tarmoola as all up its will cost them 5m plus in losses I believe and stifles cash to spend on exploration.

I sold my asr, millions and millions of shares when they wanted to be a crypto and property owner at the expense of a gold greenfields explorer, then a change to REE explorer.

They should never have had peretz running it as he damaged the business greatly in my books.

It is good a Geologist is now at the helm, but the damage has already been done.

Maybe why 0.9c versus 7c or more.

The tyrannus area is so good and towards blue jacket, but was neglected mostly.