Ann: UCL: Namibian Phosphate Project - Resource U, page-14

re: Ann: UCL: Namibian Phosphate Project - Re... Hence why UCL have been forced to make this move. We've got a mess at the moment but everything should be pretty clear within a few weeks as to which way assets will be flowing. In the meantime BON holders should wait to assess their best options.

P.S Greedy institutions are owned by shareholders (greedy shareholders?). Which junior explorer ever gets a good project up without them? They are a fact of life in this game.