Ann: Response to ASX 5B query, page-27

I agree completely. The company clearly can't fund the "bigger is better" strategy and this will not be surprising to many posters here. The small scale stage one strategy is the only part that shareholders are invested in today, forget stage two. So Volt is worth $8 million just like WKT.

VRC should have announced funding and a scoping study based on the new strategy so shareholders could understand exactly what they are now invested in. So I agree, that this is a complete disaster.

And @Peliatan the concept of performance shares is based on performance. If the board doesn't achieve the milestones they previously set then why do they get the opportunity to make them easier to achieve. That makes no sense at all. And looking after their own self interest ahead of funding the company is an insult.