Ann: Change in substantial holding-MNS.AX, page-36

MNS management said at the beginning of the year SYR have under estimated their CAPEX requirement and will have to do a CR. Perhaps they new even before SYR's own management!!!!

It has been clear to all that Hunt will most likely do what he knows and go for Chinese 'off-takes'... as he probably didn't learn from his experiences at MNS.... or maybe he did but doesn't care!! Either way, pursuing the Chinese path with be the doom of VRC.

I am happy with the knowledge that we have one of the only competent, responsible and visionary management teams in the graphite sector.... every day the actions of others continues to prove this.

Who will be left standing at the end of the day is crystal clear.