production figures for the September quarter, page-28

Holding for over a year now all I hear from the company at every quarter is a promise of bright future wIth Olaroz 2 with no assurance of when and how. Its truly a dog I my portfolio.

Weeks prior to July 2018 quarter announcement the stock price tanked. For Sept 2018 quarter we have seen a repeat of June quarter, down from 4.50 levels to 3.50 levels. A recovery of 0.25 IMHO is no recovery at all. It stinks of insider activity.

The management team at ORE only seem to be interested in their fat pay cheques and especially their year end bonuses. Perhaps their salaries should be restructured such that a greater part of their income is from performance linked stock optIons.

Olaroz 2 will only remain a dream as long as the management does not show performance on their phase 1 committments. I dont expect Japanese to move a needle on Phase 2 expansion.