Ann: Maiden JORC Resource at Katanning , page-4

Highly disappointed with this. It was raised by other posters about 6 months ago but maybe I was being ignorant and believing the company over other investors.

With all the puff about mulit million ounce potential we get a measly 0.4m at a low grade, not really ground breaking stuff.

If they were talking about potential, judging by past performance it will take years to explore the remainder of the Katanning belt in order to get to this phantom mulit million ounce resource.

I agree cash is an issue and I have no confidence in the BOD after this announcement. I will listen to the interview tonight, but at this point in time I am anticipating selling my full holding.

I am partly lucky that I decided to derisk my holding when the spe rocketed from 30p to over $1, so sold down and now only have a carrying value of 2c per share, but I have a rule, once confidence in a BOD is gone, sell sell sell.

I rarely post sell recs, but this intial resource has demoralised me and really changed my view of the company and the BOD.