Ann: Redmoor 2018 Resource Update, page-13

There will be some further promoting of these results now that they have been released. I think this is needed as "watchers" may not have pulled the trigger today due to a lack of action but my guess is that if we start moving we may see the tide change. That is, if the powers that be allow it of course.

As for management issues, there are those holders that sold out because the price fell below their threshold, some of whom blame management and then there are some that sold out and down-ramped about management to hold off other buyers out of spite. If you are a current holder blame management if you want, but save some for the hypocrites trying to do the same thing to the share price that they claim management is guilty of...

Unfortunately it seems they are succeeding in their task despite their views not being held by the majority of holders (silent majority issue) including the top 20 holders that have been increasing their holding. Most shareholders remaining here now have no issues with management, some may even think Gary has done a good job with the development of the current projects. Shock Horror!

I'm sure there are plenty of investors out there that would base this company on its merits, then read the rubbish on here and hold back from buying. But I guess that's the point of it being posted here in the first place, even if it is crap, throw enough and some will stick.

The main point I would make to investors looking at this company is that the issues some people have are with losses made from buying at a share price two, three, four times our current price and that makes buying down here a very different scenario to their poor investment decisions.

It should also be pointed out that management's "mistake" was to raise money for projects (to be expected in a micro cap exploration company) and have someone sell down the announcement below the raising price to retail, thus stopping retail buy in (and more dilution for them). This looked completely intentional at the time, very suspicious and likely done because the offer to them was small due to the yearly limitations for fund raising ($300k, complete take-up, oversubscribed).

Was it a mistake? Yes, obviously, it didn't work. And I'm sure Gary would agree. But its easy enough to say that in hindsight. Mistakes are made, good managers become better ones after these things. For example it was not long ago Gary was being blasted for "late" announcements, despite them still technically being on time. Well his latest run of early announcements sure shut that crowd up.

Now some want Gary's head, pretty obvious. Most of these posters are in the same "back patting crowd" as each other including the obvious few that probably come to peoples minds pretty quickly. It's easy enough to find the links I'm referring to in their post history. Really though, if they do want his head they should focus their attention to our largest shareholder who seems quite content with Gary and the team. ie. there is no point complaining here because it aint gonna do anything. They do have a phone number and email if you need to express your feelings. (Sorry guys )

Anyway, enough said. Personally I will still await the play out of the Redmoor project that is currently looking very strong. I wasn't about to sell, so a lack of movement today is not too concerning. I might be a little more concerned if we get to a point where the project has a funded path to production and we are still at 0.9c... but that's not how this all works.