Yeah - they blamed delays for the MRE on awaiting assay results etc. For the new drilling. But fundamentally they already had all the data for the estimates of the historical resource so theres no way they wouldnt have already processed that and known it was a significant downgrade. At which point the market should have been notified - but instead they dragged it out with excuses for another 9 months, raised capital for drilling which they just ended up blowing on their own salaries and paying consultants. Absolute bunch of criminals as far as im concerned.
Ann: Resignation of CEO, page-4
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