Ann: TOV: Tribune Resources Limited Orders, page-33

This is where you hatred for Billis colours your view. NST bought the mine in 2014. Before that there were already 14 years of mining history where the board raised finance to develop the mine, organised toll treating of ore when necessary and started putting away the gold hoard which has made all shareholders money. I notice that during the current quarter the company has been using the Greenfield mill, still fighting for our best interests under the JV while this full frontal assault continues to try and destroy the company. Before those 14 years there were another ~10 years of tenement acquistion, greenfield exploration and fighting for the ground. This was all built off this board’s back.

As far as NST go they did do a good job, a far more hands on job, a far more proactive job in expanding the resource base than the bottom-line, accountant driven management of Barrick Gold.

But NST has now become a play thing of the banksters. A tool for the promoters of passive investment funds to run their business model with. These ETF funds just work on creating new units (expanding the volume of the market), fee based models that rely on manufacturing new forms of derivative ownership of real assets. Take it from me, AND HERE IS A WARNING TO EVERYONE, passive investing products are the new subprime that will bring these markets down. The US has specialised in their making, sending every share hawker, sales man that could don a suit and tie out there to flog any and every ETF that can be imagined up, to unsuspecting investors who falsly believe they are low risk. You know with 100% certainty that these are the next subprime when governments (like in Japan)raise debt and the printed money flows in torrents into stock ETF’s. Central banks pushing money into equities to the point that the yoelds on equities are lower than the yyield on the government debt that was used to pump the money into the stock markets in the first place. The stock market is supposed to be where you go looking for risk and the government bond market is where you look for safety, not visa versa like we see now.

NST is at front and center of the passive investors fee model with a wildly over inflated valuation that seems to factor in no risk. It is now a bubble stock built by the banksters in a safe haven sector. A total contridiction.

The passive investors have rehypothecated all of NST’s acquistions since south Kalgoorlie and their share price performance that you so proudly herald has little to do with the company’s profitability in the last 12 months, it’s got everything to do with the passive investors distorting market mechanisms that regulators here and elsewhere in the world are turning a blind eye to and will eventually bring the whole system down. Their are literally trillions now and trillions invested in these ticking time bombs.

We used to have companies on ASX that reflected honest share values like TBR, but the bankster elites won’t stop until they have every asset under their control to keep pumping up the bubble. Too big to fail has now become every asset class except gold and hard commodities. Unforntuntely the gold was subjected to a forced sale and now the rest of the company is a risk of being sold off, with the likely effect that we will also lose the value of the African asset.

Thankfully there remains some fight left and the orders are currently stayed.

The way you carry on about TBR/RND, people would think this company has lost investors a tonne of money. Why don’t you move your vendetta over to companies that have routed investors like BDR or the thousands of other companies and boards that deserve the real lambasting for poor performance.

You pick on one of the best companies and boards on ASX and just keep asking for more. You only get more when the facts have more to give unless you are living in bubble land.Esh