Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-54

Having $10 million+ sitting comfortably in a call deposit account also has a silencing effect. It removes the incentive to unmute yourself and answer questions. Were the funds for his wages about to dry up, I’m sure he’d already be doing “coffees with Samso” and emailing out shareholder newsletters and calling up NextInvestors to devise their latest bait & hook.

Last August, one of our trusty & honourable compatriots here on HC kindly shared that he was paying a visit on a nice sunny day to the tin shed at Carnarvon. It would appear that he got given the full upbeat spin cycle treatment, yet nine months later here we are, still trapped in. If I wanted a locked-in term deposit then I would’ve visited a bank, not bought ASX-listed equities.