Goodbye $1.20, page-56

They took a $12 share to $0.15 due to incompetence. NOT just because of Thailand.

1) Bought and sold mines in the most catastrophic fashion. Destroying capital

2) Despite all that money they did not have a second income producing asset. Imagine the easy ride with the Thai TAFTA issue, with some steady income coming in...

3) Sold NE to a smooth talker with ZERO money. Please, do not answer about that pathetic deposit. It did not even cover the holding costs during that period.

4) Stopped looking for funding during this time. Sat watching Netflix. One of the many delays causing out Capital Raise

5) Did not secure funding in their negotiations - yet mentioned it so often and retail got burnt because we listened to their lies.

6) Got played like fools by Taurus and we forced into a Capital Raise

7) Now we know their financial issues. Why were they spending funds on exploration. We did not need to explore peripheral ore bodies; we needed Plant 1 and 2 up and running. Then we can explore. Not including Quartz lease as that is being mined soon.

8) Jamies sole aim should be to contain costs and their corporate costs are insanely high. Why do we need all that staff when we are not even properly up and running. Our projected AISC needs to be the primary focus and it needs to decrease.

Oldfolk, you have extremely limited knowledge of business (even the simplest of single mine open cut gold mining and I feel embarrassed for you) and yet you post all day, every day as if you are on the payroll. Take a step back, please.

PLEASE, do not say NE is a good asset when it's common knowledge by anyone with a mining background it is a piece of junk, which is the real reason no one is buying it.


We need one or two independent people on the board and Jamie must go. We need a proper CEO.


That is the WoodFr0mTrees