Ann: Voluntary Suspension Extension, page-41

I have gone back through the announcements and it would appear, funny enough, that VIC have made disclosure of all transactions and fees related to the cobalt acquisition and kept everything above board. we are in a TH because of the HDY issue and the ASX wanting to take down Monalto and EverBlu... VIC appears to have a due diligence report, advice and other correspondence in relation to the acquisition, apart from. geology report. the issue with HDY is that they made a last minutes amendment which provided a back door way of transferring shares and options of the vanadium play to EverBlu. what the ASX is saying is that the beneficiaries for these shares should have been released to the market and they should have provided an initial shareholder notice. what actually occurred was that EverBlu sold on market and received $ for the Blackfoot shares when , in essence, the ASX may have directed these shares to be placed in escrow or obtain shareholder approval for the amount of shares that were being given. in essence EverBlu and monalto and the ones that benefited from the transaction and HDY knew exactly what was going to happen once shares were given for consideration of the vanadium play.

EverBlu also dumped the VIC shares but they had disclosed at the time that they were a t20 holder. VIC unfortunately is being put through the ringer given the board is the same on both companies. this would make sense as to why VIC is still waiting for a response to their latest response....

VIC will come out of this.... HDY still has a very long journey unfortunately....