Ann: Company Presentation, page-53

directors are keen to pay 3.7c come approval mid dec.
what does that say ?

need to recognize value, where it is, irrelevant of sp which is volatile, and emotional sellers about, where there are caps.

Some want to piss in their pants, because there is a flood of shares at 3.7c, and sp clips under from emotional sellers, or pip trades. but value recognizes that the CR cash can unlock value recognition. if you cant see value if there is no jorc? thats what the cr is for. to unlock it. to be able to advance it for peer comparison.

IMO, this is the gutter of the ground floor. WHat whether it is 2, 3, or 4 m ev, is just dirt cheap. Peers are multiples of that. Speculative betting that we can use funds to prove jorc for direct comparisons.