Lets not forget"Lithium-focused Kula Gold(ASX:KGD) subsequently...

Lets not forget

"Lithium-focused Kula Gold
(ASX:KGD) subsequently signed an
agreement with Australian Critical Minerals
(ASX:ACM) which granted the latter the
right to earn up to 51% in Rankin Dome
project by spending $200,000 on
exploration including at least 2,000m of
reverse circulation drilling.
On completion of this requirement, the two
companies will form a joint venture with
Kula having the option to retain a 49%
interest and contribute to the project’s
development."


More cash in the bank for KGD after a capital raise and 400% Sp increase in the last week. Despite the rankin dome Jv having little to do with its recent performance. That 51% interest for 200k has payed off, considering 50% (900m/2000m RC drilling) of our end of the deal is sitting in a lab.

Cooletha labs analysis looks ready for tomorrow. Consider proximity to AGM, the time taken to synethise the results into an Ann. People can speculate about shit results, but i doubt directors would make such forward looking statements on twitter and show 2 spodumene representative samples that appear 0.8-2.5%. They have an obligation not to mislead shareholders and likely grabbed the worst and best samples or picked a couple from the average.


Now tell me - Are 6 projects spanning 2099 km2 worth $10m to you?

cornfirmed visuals on samples bearing spodumene and manganese shales

$3,734,000 cash reserves (yes 40% of companies market cap in cash) available to fund approx 8 quaters.

3mill in term deposits at 5% interest.

Exploration (2 yrs) only $239,002/$3,500,100 used
Administration (2 yrs) only $287,086/$974,791 used
Repayment of Borrowings $147,005/$147,005 used
Expenses of the Offer $551,112/$546,757

Dont forget we IPO'd at $8.7Mill

Although.. if youre reading this Dean: your $1,619,166 loss is extremely questionable given youre making shareholders pay hyper inflated fees to Sandton Capital Advisory Pty Ltd, Allied Rock Pty Ltd AND your renumerations. Perhaps you should be a little more careful taking cash off the top or be more open about exact costs and fee regarding any conflicting interest parties so shareholders minds do not wonder into a direction you dont want. Positive performance however would overshadow this.