Ann: Weednanna February RC Drilling Results, page-39

Glad you brought that up MrAU! Was musing over that yesterday but didn't really want to bring it up until I research the BoD here & thought someone would bring it up anyway as I'm known to be a tad cynical toward BoD behaviour, as @Wack has witnessed over & over unfortunately for him. But, am truly trying to have a more balanced approach to posting haha.

Back to your concern, absolutely! Due to such a hige chunk of shares being in the hands of Chairman & just a few others, the blocking stake that provides is absolute & shareholder votes & opinions will hold no water @ all! I'd be more concerned in a TO situation. Usually the top shareholders have a say & can prevent a TO through voting as they are the muscle so to speak &/or basically have power to keep the BoD honest & on track. Here, the BoD can do whatever they please @ any tim. Basically, unless the BoD's agenda here is pristine, you'd want to be very careful. Only a Quarterly Report gives you the true lowdown of what has been going on behind closed doors, as in any stock. Not just cash problems but every other aspect of business. I do see the huge potential of the ground here but equally regard your concern. Tread very, very carefully here for now would be my honest advice as an outsider for now....