Ann: Company and Vanadium Update, page-51

The SPP last year was specifically for existing holders excluding everyone else, that raised $785k. That was a targeted strategy imo to keep the unwanted out. The announcements state the balance of the $1.5M will be placed at the directors discretion after the AGM so the company could get shareholders approval for the same and/or use it’s placement capacity. Which all has happened to plan again keeping unwanted players out (buy and dump broker types?).

The director announced at the time of the SPP “confidence” with significant interest in placing the balance of the $1.5M to unrelated exempt parties. Agree with others raising the balance of cash is no probs whatsoever and placing it with the right “supportive” party probably the key point moving forward.

Then again as most know JB style is to arrange the financing in sync with securing the acquisition. Map the way WFE’s acquisition was achieved it looks awfully familiar, only without the long winded recompliance saga the ASX insisted on over there.

Sooo.....its after the AGM, approval was given for a placement, we are down to 2 vanadium projects in South Africa per the last announcement. Connect the dots peeps I sense a big announcement is on our doorstep!!