Ann: Change in substantial holding, page-40

errr - I think you will find they have moved from development into production. Management are now reporting tonnes of ore mines and milled as the key statistic. They have “developed” the 15km of decline and draw points and tunnels required to start the cave. Do you want them to keep reporting on a statistic that is no longer relevant? 

perhaps you should identify that they no longer report on the tonnes mined at the northern satellites (now closed) and accuse them of hiding critical information? 

The relentless focus on the identification of management malfeasance is, in my view, totally unwarranted in this company. 

perhaps it is a product of current political discourse which separates one party to another by an idealogical divide that precludes any assumption other than the other side are cheats, scoundrels, and charletans. 

my assessment is this company and it’s management are that they are very honest, very capable, and are trying very hard to make a success of the company for the benefit of shareholders. 

Conspiracy theories aside I see no reason to doubt managements intergrity. 

in any case, the company has very clear disclosure on all key metrics in order to make a value assessment (tonnes, grade, recovery, cash, bullion, earnings, cashflow, debt). 

In the the next six to nine months the truth will out.

The market, and many posters, are either confused, scared, or actively backing them out (shorting).

Personally I am backing them in and going long. This is exactly the opportunity I look for: a story discounted in the market which I think will come good. 

Lets see what happened from here.

as always, good luck!

J9