Ann: Oversubscribed Placement to Raise up to $3M Completed, page-32

I agree and I would even question whether progress on the ground has been that great and I think therein lies the issue. The Potash side of things was always going to be a slow burner but they have had a great opportunity to gain and maintain some SP momentum with Yanmarna and they have made a fair mess of it. I recall the company touting after the last CR in August last year things like 'Exploration program commencing immediately ' and 'Drill targets being defined'.



It took till April (Q2 2018) to finally get things started and all the while there was plenty of opportunity to do the same CR above 10c leading into the commencement of drilling but instead they have given existing shareholders a massive kick in the guts with this CR farce. I really thought Matt and Co would have learnt their lesson from back in 2016 when soft hands from the underwrite led to constant selling just flogging stock through sub 8 cents for no profit killing all momentum. Yet, here we are again two years down the track doing a CR at 7c with the potential for a similar outcome. Seriously what a joke! Last time we were at this level we had no JORC, no flow testing, no scoping study, no off take MOU's not even a mention of Gold. I know one things for certain, having likely p%#sed off the majority of retail holders leading into EOFY in what is already a tough market for small caps isn't going to do any wonders for the SP. Poor form ............... really poor form indeed!