Appreciate the response. Does take a bit of time, but happy to do so. Unfortunately static point in time data like the Top20 doesn’t show how the register is building without this analysis. As a large investor in NVA and a believer in the long story, I did this to show the positive story more clearly and my only wish is the company communications would build the same trust through similar clarity.
To your observations.
1. Will rename this section to Additional Director disclosures, highlights in top table I thought were self explanatory.
2. Noted, yep I missed that update, would still have prompted my observation
3. Well, aren’t some ASX rules confusing. Thanks for explaining. I still would think the double counting would be better accounted for by reconciling to Director notices rather than hidden in the mystery of nominee accounts, if for no other reason than being consistent and maintaining trust of investors (the users of financial statement information).
I have sent emails before and got nothing. Would prefer to be rather raising such matters in that way myself. Will try again in future.
While you haven’t responded to the more obvious messaging issue in this announcement being overstating Korbel by double counting Cathedral, my core concern remains. I trust management and the board are going to do better in this respect in future. Thankyou.
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Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-25
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MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
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