The 2017 Annual Report mentions ...."WA Gold Portfolio On 1...

The 2017 Annual Report mentions ....

"WA Gold Portfolio
On 1 December 2016, the Company announced the acquisition of a prospective gold portfolio with multiple significant drill intersections in the Eastern Goldfields Province of Western Australia for $60,000.
The Company secured the following four Licenses: - E38/3062, or “Defiance”, lies 10km immediately southwest of Laverton, in one of the best endowed gold regions in Australia with over 28 million ounces of gold produced in recent history (the Laverton Tectonic Zone that includes Granny Smith, Sunrise Dam and Wallaby gold deposits); - E39/1878 and 1879 or “Mt Howe”, lies on the southern extensions of the aforementioned Laverton Tectonic Zone, immediately adjacent to the structure that hosts the Granny Smith, Red October and Safari Bore gold deposits; and - P27/2005 or “Unknown Project” with historic gold workings located just north of Bulong.
During the year, a literature review of the historical exploration activities across the portfolio was conducted.
A field based exploration program has been devised to determine the potential of the gold targets identified. "

No mention of any further work on these projects in the 2018 Annual Report, but the tenements are listed as still owned 100% as at 21st September 2018. (this 2018 Annual Report yet to be added to the company's website ! - shareholder engagement/communication does not seem to be a key priority here)

So the company already has gold assets, in an area that has potential (Eastern Goldfields). The addition of another, like the Hill End project being divested at present by PUA might create some investor interest and support in the current gold environment.

The SP action over the last few days certainly suggests "something is up"