Well I received a return email from the Chief Financial Officer. The questions are listed above. I think my email was pointless as they haven't really answered anything.
Hi Michael Thanks for your email. There is only so much information I can provide to you and I recommend you review the ASX for further detail in relation to the Company. In relation to your points, I can state –
1. We are aware of the media reports but have had no contact with Tectonic Gold or Silverstream. When Bass acquired Graphmada it agreed to pay a form of royalty to the seller, Stratmin Global Plc and this was previously announced.. We are currently reviewing this arrangement.
2. I can not provide an answer on this detail but we hope to have an Operational update later and this will include improvements made.
3. Again, I cant provide you with details on shipments and sales until we publish this to ASX. We will update ASX as required and our sales and shipments still continue and we have nothing contrary to this to inform the market about.
4. Our offtake agreement with Possehl is for up to 3,000 mt per annum and we actively engage them on exports and have made a number of exports to them in accordance with our agreement
Michael, I can state that our company is still progressing with all of the positive operational matters we outlined in our last release to ASX and we are comfortable with our progress. Our CEO, Tim McManus, is on his way to site this very day and we should have more operational updates over the next month.
Regards
David David Round
Chief Financial Officer/ Company Secretary M – 0411 160 445 E –
[email protected]
