Very interesting to see that you got a reply to your email...

Very interesting to see that you got a reply to your email Volcano. As some might recall I contacted JB a few weeks ago to stress, amongst other points, that the quarterly reports need to report all capital flow so that shareholders can keep a track on the hard earned that they've poured into the company. Following the poor reporting in the quarterly, I contacted Jason again to emphasise how shameful it was that the company couldn't report production and cashflow on their own basis, and that they seemingly can't put a finger on their total net debt.

Hi Jason,

It's a real shame that you weren't able to take a leaf out of this discussion from two weeks ago. There was plenty of time there to implement some ideas into the quarterly that were discussed here if the company really wanted to.

How hard can it be to report on the basis of CCC (the company that Australian investors have put their hard earned into) instead of CCL? How hard can it be to list the non-operational expenses such as admin, business expenditure and exploration? Why should shareholders have to wait for an annual report every year to track the company's finances given that capital management has clearly been an ongoing concern with the company?

Over a year ago now Conti brought Socius on board to raise funds to acquire the balance of Mashala, and I see today, 13 months on, that the company has still got 14% of the entity left to purchase. How much will this cost? Will CCC have to place shares to acquire this balance? If not, how will the balance be purchased? What will occur if the balance is not acquired by September 30?

As you can probably see, this quarterly report has more left the market with more questions than answers. I especially look forward to hearing your justification of why productivity and cashflow was reported on a basis of CCL's interests and not CCC's, especially given that the report did not flag CCC's net interest whatsoever. Finally, I notice that the report denoted Conti's net cash and undrawn debt, but there was no mention of the debt that the company has drawn and is currently carrying. Are you able to shed light on the total debt that Conti is currently carrying?

Regards,

No reply yet, 4 days on. Too embarrassed to explain himself perhaps? After all, he did build up the quarterly to be something spectacular with lines such as "As said numbers will tell the tale and reporting will be clear and transparent for all shareholders to see..." and "Look forward to the quarterly and other announcements to come".

Crazy that he blames the tip sheet for some of this stock's demise. Wasn't it the company that fed the author of the article with such extravagant figures in the first place?