meeting with ms, page-130

How have the business goals moved to OUR ADVANTAGE???

The last projected figures that were doing the rounds were 1bil shares on issue and a $3bil market cap (share price of $3).

Now you are saying 4bil shares on issue with a $4bil market cap (share price of $1).

How is that OUR advantage??

Hi Max,

I am talking about business changes from getting a couple of copper leases, to getting some onshore oil licenses, to having major copper ground through to now potentially being the largest "Angolan" national company.

I am unaware that there has been anything other than conjecture (as mine also is classed) about the clawback?

There was even talk at one stage of CVI moving to $20 a share before the clawback - doesn't make it a realistic possibility.

Everyone has been asking "what's in it for the Angolans?" - this model provides a believable reason and model where the Angolans will get rich without having to give too much away.

If it truly ends up as an Angolan company that we hold 12%+ of, there will also be incentive for more resources to be added to the pot. The bigger it becomes the bigger it can get.

Cheers