Ann: Sale of Tarmoola Pastoral Lease Update, page-7

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Bundy_Too

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12/08/24

16:24

Post #: 75172077
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Originally posted by DIG4FIRE ↑

The whole sale is unfortunate in my eyes. It is a grab for undiluted cash as they cannot go to market now in the position the company is in.

The two last raises were earmarked for drilling and that is not happening yet. I heard a bird told a butcher who told their mum and she let it slip to the supermarket cashier that the reason drilling has not been forthcoming is due to native title claims and sensitive sites being worked out. Has this ever been disclosed to the market. Anyway just a rumour.

Tarmoola is a good long term asset that has become a life raft for the company. So much waste and hot air over the last few years as certain members helped themselves to investment coin while, lets face it not doing much, except saying they are hard at it behind the scenes. Some working so hard behind the scenes for 500000 salary over 19 months. LOL. Then poof, into thin air, without any explanation. There is one person still around the co. Are they the problem? If we sell it for less than 5 million (cash/script combo even) I'll be annoyed.

Hand up. I got into a decent company and asset with Mt. Sterling 4 years back and hung around getting sucked in to the disclosed fluff.

My bad.

I welcome people raising red flags these days.

Good luck all.

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@DIG4FIRE Are you sure there wasn't a Taxi Driver in that tale?

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Ann: Sale of Tarmoola Pastoral Lease Update, page-7

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