If you had gone through the posts like you said you did, and read announcements and financials over the past year, you would have easily got the following:
1. Management lied to shareholders about achieving 240kpa in December 2023 - January 2024.
2. They did so to conserve cash and to raise capital in February 2024 at 5.7c.
3. Management did not disclose minimum guarantee charges in the Aurizon logistics contract signed in March 2023 until June 2024. There is no other logistics provider capable of moving stuff to port.
4. Yearly balance sheet 30 June 2024 contains $20mln in payables vs little receivables. These are not loans.
5. Cash flow statement for September 2024 does not show those payables as being paid. Understandably, because no cash.
Conclusion: Come February reporting, it will become evident that the company is insolvent with negative cashflow. All they are trying to do now is raise money before everyone sees for what it is. However, based on previous deceit it would be impossible to raise money.
People here have reason to be negative. That reason is grounded in facts. Those who are positive are simply in denial willfully ignoring the facts.
I previously gave management a lot of goodwill which was abused through deceit.
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