Ann: High Grade REE and Niobium Confirmed at Lyons, page-19

The thickness here is the same as Hastings and they have established a mine from their discovery. This announcement has come out far too late in the year. Smallholders who have been waiting are chasing buyers to unload before Christmas which is not where we wanted to be. Getting plenty of sales and the smart money is buying up big here (IMO). The SP won't move up whilst smaller holders are dumping out. Buyers won't push the SP up whilst they are doing it. We will need to wait for future announcements now. I don't see any large holders dumping out. Maybe partial sales. Still great first results and only shallow drilling.

GD