ahh so you are saying the pre payment earlier this year was for...

ahh so you are saying the pre payment earlier this year was for the sea cargo…
what about the pre payment for 2025 program?
fyi they haven’t had much success in deep DD holes, why keep going for more spending millions?
this is not something like a university research or government funded.
Every single cent they spend is coming from holders pocket, their goal is to build profitable deposit to make shareholders money.
so if holders are disappointed with repeated, disappointing deep, very expensive drill holes, it’s more than valid opinions they carry.
just fyi… the cargo ship should not be considered as pre-payment under accounting rules, they ordered it and they got it lol
ATO won’t consider it as prepayment. It’s just an expense.

I don’t think you understand why holders are questioning the pre-payment. Do you even read quarterlies?
last quarterly they said they don’t expect to have much expenses because they made several prepayment for Q3 program already, then they went to spend another $13.5m and ended up sitting on massive debt.
on the CR Ann, it says they blew $13.5m from July-September this year which is contradicting their own statement made in July.
now they say they are making $5m prepayment for next season and they can’t answer what they mean by prepayment.
if they can’t answer it only leaves holders with doubt.
I don’t give a damn about how hard some people trying to cover their stinky ass, what’s dodgy is dodgy.
technically, as a consequence, they deceived holders in the quarterly.
I think this is why holders including myself want to know what they actually paid for.