The facts are clear for all to see.Activities report is full of...

The facts are clear for all to see.

Activities report is full of yet more association to successful operators and tenements and provides no data to suggest the existing tenements or company has anything but negative potential. More tenement acquisition provides more marketing value but the ability of this geological team is now plain for all to see. More nonsensical whether delays when other parties in close proximity continue to operate. Desperate stuff by a desperate company. JV in QLD gold suggested but of course this means absolutely nothing. The tenement was sold by a successful operator with existing infrastructure.

Cashflow. $1,250,000 for administration and $767,000 for exploration. The potential for this company lies in these two figures alone. $142,000 is the aggregate figure paid to directors and associated parties. Our leader with exceptionally high levels of competence and success draws far more than this which will affect the aggregate. Cash remaining is $3,288,00 and falling fast. Next quarter projection $425,000 exploration and $225,000 admin. This figure likely does not take into consideration the payments to directors and associated parties that will be evident in the final quarter. Final quarter figures are likely to again show the bulk of shareholder capital is consumed be admin. Exploration expenditure of $225,000 is too low for an exploration company spread so far. It is another indication of potential.

No share options have been exercised although the company has decreased in value by over 71% since the merger. It seems even the beneficiaries of the options do not believe their own rhetoric.

As far as I can see the office in Hunter St has vast contributions from many companies that do not show a return or even provide security for investors. Clearly the Hunter St office is the biggest winner here. Yet Bell Potter still provide the highest possible short term rating of 5/5 and Australias largest share forum shows only the people who are prepared to blindly support this company enjoy votes and the additional exposure.