Ann: Investor Presentation - Entitlement Offer March 2019, page-4

An example of the non transparency of reporting. (perfectly legal however)

The date of the Investor presentation for the Capital Raising is 18/03/2019.

The reported cash position (which is currently more than likely to be closer to $500k) should be as at 17/03/2019 at worst. (not the end of December 2018 $3M)

The bullet point of "Mineral Resource within 18 months of drilling"" isn't factually correct either given the $10's of million spent over a decade by Trafford Resources prior to this point.

No mention if the primary decision making shareholder, that has effective control of the company, is taking up its entitlement.

Leaving the unconnected shareholders to assume it isn't given the partial underwrite to $4m from Patersons..

GLTA.