Hi Goldie... and all IVR'ers Hope you are right Goldie However...

Hi Goldie... and all IVR'ers Hope you are right Goldie

However the SP does not enthuse me --- If great news one would expect some upside by now ???

I am quite aware I have posted this before ............ but self, Diana and our Pygmy Bandar Tribe are somewhat confused.

Our Chief has done more presentations than a High School Principal on Graduation Day, including 1/4ly reports yet the share price has fallen -4/17 $0.036 to a recent low of $0.014 - now $$0.015.

As self Goldie and other HC posters what do all think the reason for such lack of interest in IVR.

Is it:-
-The presentations themselves not getting noticed ?
-Lack of interest in PMetals (I dont think silver will rise any time soon... I believe others (!) dont want it to.!!)
-Lack of enthusiasm for any short term action - too long between reports/action by the Coy

-High cost of Salaries and Office Management (have a look - the Ann report PDF 12-9-17 )
-for 2016/17
=Page 11 of the Report re Remuneration for Directors
-Page 29 of the Ann Report Income Expenditure

= Expenses from Continuing Operations Employee benefit expenses Benefits provided to
employees $1,801,904 (some charged to Exploration Expenses see report re this)

= Other Administrative expenses:
=Audit fees $46,179 Other professional services paid to related entities of the auditor
$6,501
=Coy Secretarial fees 120,000 ??? (wow) - see Office Expenses below)
=Directors fees (non-executives) $159,058
=Insurance and legal $38,447
=Minimum lease rental payments $17,363

=Office expenses $277,567

=Shareholder communications (includes ASX fees) $106,170
=Expenditure allocated to exploration and evaluation projects $101,475

=Total administrative expenses $740,406

Please do not just refer to these figures You must look at the report and refer to the specific Notes that are displayed to each Income/Expenditure Units) for accurate and full explanation2

I however thought some were quite interesting ????

See Ann Report -- https://www.asx.com.au/asxpdf/20170912/pdf/43m7vy9wwtsdmx.pdf
----------------------------------------------------

Our Coy is Caped @ currently $11.09M ??????????? with all that silver in-situ ???
Me and Pygmys confused.......................Disappointed very much so.

Am also aware a lot of 'Spec Stocks' are currently unwanted??

Keep safe all IVR'ers
The Phantom GWW