Of all the garbage quarterly reports this has to be among the...

Of all the garbage quarterly reports this has to be among the top ranking of just about any I have seen.

No wonder they snuck it out after hours hoping no one would notice.

So what have they spent the quarter doing?

‘Continued assessment’, ‘planning and preparation’, ‘evaluate’, ‘review its options’, ‘navigate the dynamic landscape of the resource sector’, ‘continues to review’, ‘assess its options’. Wow in how many different ways and vocabulary can they fill up several pages of a quarterly report that has absolutely zero to report on.

So what does any of this ridiculous word salad actually mean?

In plain language they have Done Nothing, are currently Doing Nothing and expect to continue Doing Nothing for the foreseeable future.

After all this time spent planning, assessing, evaluating, what precisely IS the plan? Sadly there doesn’t appear to be one.

There is NOT ONE single concrete achievement nor a single concrete plan in here … vague talk of reviewing, planning, evaluating, assessing, blah, blah, blah …

Oh and in the upcoming June quarter the company again ‘plans to prepare and plan’. Plans to plan hey? Great! Another three months of ‘planning, preparing’, ‘assessing’.

So they sold their Finnish Project for $190,000. Big deal … And agree with the comment above by Broken chair – why describe in such detail a project you have offloaded and yet not talk about Canada and Colorado ?? Downright bizarre.

The rest of the report is just a repeat of descriptions and maps of various regions which have already been described and shown in countless of their quarterlies before this – nothing new.

‘There were no substantive mining explorative activities for the quarter’ well this has been going on for two years now – when are they ever going to start doing some substantive explorative activities?

Oh wait … weren’t they meant to be commencing boots-on-the-ground exploration at the wonderful Laforge James Bay Project – ‘ a genuine opportunity to discover a significant lithium deposit in a Tier-1 jurisdiction’ as they billed it - on 20 August 2023.

Why did we never hear back about this? So they found nothing???

Finland – exploration activities were meant to commence 8 August 2023.

Never heard back about that one either, except for the selling of it just now. Again found nothing???

Sweden exploration activities supposedly commenced 25 August 2023 – an ‘aggressive’ exploration program they said! Again nothing … except we did get a very deceptive announcement whose lies had be clarified a few days later but not before it had sucked a whole new cohort of innocents into this wealth evaporating stock at sky high prices we will probably never see again. The management would have done well to do a CR at that point to shore up their dwindling reserves but apparently didn’t have the sense to do so.

What about Colorado, various Australian projects … nothing, nothing, nothing …

Considering the lack of discoveries in all those pegmatite filled places they were boasting about in previous anns it doesn’t look like they’re too good at those ‘evaluating’ and ‘reviewing’ activities, does it?

If they can’t come up with a plan after all these months of ‘assessing, evaluating, reviewing’ and nothing on the next few months’ horizon either apart from yet more ‘assessing, evaluating, reviewing’ maybe they better sell all those other worthless projects too. Maybe they could hand the shell over to someone enterprising who might actually do something.

At one point they have the gall to talk about ‘driving shareholder value’!! Oh yeah … driving it into the ground and sinking the share price into oblivion. They’ve done great at losing us all our money – top marks here!

As the sp inevitably continues to sink under the weight of zero activity and no initiatives or plans at all, I think we can all consider our lost money dead, gone and buried.