Ann: Vulcan responds to disinformation in online report, page-120

Cannot understand how they spent so much time commenting that JCap stands to profit from a downside SP move, before going on to direct readers to look at Cannacords research report, a company who was PAID BY VUL to produce positive research with an upside SP target.. Honestly that is unbelievable to me.

The reply has failed to adequately address potential community opposition to the project and how they intend to circumnavigate this risk.. No mention of dealing with approvals which could lead to a ridiculous blow out on project delivery...

Speaking of risk, FAR MORE mentions of risk and speculation surrounding their plans than we have ever seen before. At 1.8bil market cap currently, this feels too high for an ASX speccy at this stage of their project.

It does appear that the 'assumptions' on which they so heavily rely, are at the very highest end of optimism.

The undoubtedly dubious links between companies to produce positive DFS to then be acquired by VUL is extremely concerning to me. Shows a distinct lack of impartiality and bias, which they made such a big deal about from JCaps perspective...