Ann: Notice of Annual General Meeting/Proxy Form, page-36

Bruce,

Fair to say that shareholders would be disappointed with the length of time it has taken. Thats a given. I am sure management would be disappointed also. I have turned that negative into a positive. I picked up more stock today . Another 400,000 infact.
Had all these delays not occurred I dare say I would not have been able to buy more stock at these current levels. I am still confident that VRC will get there and I am taking this opportunity to acquire more stock at what I believe is a cheap price..
In 12 months time there will be two groups of people . One will be happy and the other not so. If VRC is trading at 10c plus you can work out who will be the happy ones. If VRC are not successful, the happy ones will be those who decided to sell out because it was all taking to long.

There are no guarantees when investing in the share market when you choose to invest in the small caps . We do it because there is a chance that one can make a very good profit. A 1000% return is always a chance if things go to plan. I have enjoyed those successes in the past with various stocks. I could go the safe route and invest in the many quality blue chips that we have in the ASX. I might make 20% or 30% over the next 12 months.
But I am aiming for something higher then that, and with that the risk is much greater. Without risk there can be no great reward. That is life .

It is interesting that half of those that have posted today who are critical of VRC don't even own shares in the company. I think most shareholders have an understanding that there is a process of getting to where we want to get, and even though it has taken longer then we anticipated, they like me are hoping for the big reward . In 12 months time we will all know the outcome . There will be no need for guessing or hoping, it will be what it is.

Cheers.