Ann: Response to ASX Appendix 5B Query, page-64

Yes....and there were holders that says mining stocks will take a long time . But this is ridiculously long , 8 months of their precious lives they have done nothing except some nonsense desktop review and repeat fast tracking announcement which can be done in a few days . This is 2018 , with the technology and knowledgeable professional persons available today , the big question is what the heck they are doing for these past 8 to 10 months.....practically nothing .

A good mining company will

1. Create the momentum in the company assets by constant updates and announcement to create interest and value in their assets.
2. Constant effort to look for investors , partners for offtakes and investment through road show etc ( That piece of %$^#@# chairman who stated that he is well connected to the banking and investment world is doing jack sheet instead he is conducting part time courses at University and the other director is involved in law. This 2 main persons must step down as they are practically not involved and no experience in mining industry)
3. Expediting and really fast track the drilling & discovery of their assets to create value thereby getting constant fund from the market to support the company endeavours . Time is of the essence, as there are no sources of revenue and there area monthly overhead & cost to cover.


& they have done non of the above. As such, this is probably a listing for them & their partners to exploit the retail investors ....so be very careful. Unless the management change , this is definitely not a stock to hold for long term .

Cheers and be careful.