Member Info for Dan1605

Given time this could recover but time is money and money we don't have. Once cashed up they can have a good stab at Queensland but for now we'll always be looking over our shoulder for the next placing which regardless of what they say will be at some point this year. They're talking about Hurricane but that needs paying for unless they bring in a partner. I'm not sure whether the comment about partners was a carrot dangle or genuine, interestingly it was left to the last 20 seconds, clever placement. These interviews are almost certainly scripted.

That's a great suggestion Notrex, I did suggest a performance based salary to AS on Twitter but unsurprisingly got no reply. I'm surprised that AS is sticking this out to be honest, granted he's getting 35k a year but he doesn't seem the type of guy to be tied to negativity He's always maintained a professional, polished image, not the type of guy to be linked to a company that's lost 75% of it's value. Plus he's taking some stick on Twitter. Mud sticks.

"Why hate up on AJ" - Because he's delivered FA and costing us £85k a year Paul. I'm sure we could find a part timer, like the rest of the BOD.

It wasn't that long ago AH said we'd got some of the best assets he'd ever seen, yet here we are haemorrhaging them at a rate of knots. He's done well since he started, he's taken the sp from 1.20 to .0.3.

Without getting Colin and Phil on board Mental there's little we can do. I suggest emailing AH venting your concerns.

Start by asking for a copy of the share register, for some reason they're reluctant to issue that but by law they can't ignore it.

The fact is Legal, Victoria is actually one of the gold rich regions on the planet, we've just failed. I once read a comment that said if you couldn't find gold in Victoria then it's time to call it a day which begs the question how is AJ still in a job. The whole thing stinks to high heaven and the saga regarding retesting the assays was BS imo.

You haven't answered my question regarding the licenses Snip. You are stating they are worthless because we didn't pay for them.

"The Group’s net assets at 30 September 2022 were £5,871,625 " Strip out the two properties at 600k and that's what we're left with. After all you think Creswick and Bluemoon are worthless.

Snip, I'll cast your constant drivel aside and assume you are holding stock, for a second. So, what about the rigs? What are they worth to the company, assuming we lease one?

Let's assume you're left a property in a will, is it worthless? No, don't talk rubbish.

Don't talk rubbish Snip. So you're saying the Licenses, and assets are worthless.

That's correct Notrex.

They won't TRI until they've sold Tamer, they will be aware that it will cause even more mayhem should they announce they're selling.

There has been a seller here for months and they're getting more aggressive. From what i've counted (I've stopped now) i'd say there has been at least 50m sold in round trades which suggest this can only be two parties.

Agree with every word Mental and I've asked AH about whether they're in regular contact with large shareholders. I would love to speak to Phil and Colin but is suspect they've all but written this off and on with other investments/projects. My thoughts are that Colin originally invested on the back of something (it's a lot of cash to throw into a two-bit AIM company) and that something has changed. I wouldn't be surprised if he was selling out. I'm sure AH will be quick to tell me if they've still "long and strong" so his reply will be telling.

I've emailed AH myself this morning with a list of questions, nothing sensitive that he can't answer. I will post his reply on here.

Mental, if you email the BOD they're pretty open. I won't divulge where the information came from but reading between the lines the writing was on the wall, this was two weeks ago. Sadly, I didn't go with my instincts. I can't say more than this but believe it or not that these results were known a few weeks ago imo.

The SP is getting stuffed because the traders are moving out. This is no longer a trading stock but an investment case and unfortunately there is not enough swishing around in the small caps to have sat tied up for months. It will find a bottom and continue to trade within a range.

I'm not talking about the nuggety gold Paul, I'm talking about the poor results. I was made aware a few weeks ago that Creswick was another flop. I appreciate this is exploration but we're paying a Geo 85k a year to deliver nothing, at what point do we sart questioning his ability or do we just keep ignoring the fact?

They're not Tamer, somebody has dumped 4.7m in two trades. Confidence in this lot is at an all time low and AH could claim Creswick/Bluemoon were legacy licenses but he decided to drill knowing that the gold was nuggety. I'll not divulge too much but these results were known a while ago. It's all well and good shouting about Hurricane but we need to pay for it with cash we don't have.

The interviews are scripted, you can tell that the questions have been pre agreed and not off the cuff. They're telling the market what they want to hear and nobody's falling for it. The little bit about partners at the end was just another carrot to keep investors hooked.

Yet in the interview he's stating 6 months and the impression I got it that they haven't even got started.