Ann: Change in substantial holding, page-25

There is nothing in the Notice of General Meeting about entitlement to Lithium - it's about issue of shares.

How you can reconcile issuing of shares with entitlement to what's in the ground is a mystery to me.

Sure, existing shareholders will have the value of their holdings diluted by the issue, but if Obsidian deliver the goods in the order of what's happened at AZS then who cares.

Would you rather the situation before the appointment of Obsidian of the board stumbling around looking for copper and nickel instead of exploiting the potential for Lithium?

There is not the expertise in the Company at the moment to exploit the Lithium, so it would follow that at some point there would have to be a substantial drive to recruit qualified staff and a Capital Raise to fund the exploration and development anyway. That would inevitably lead to the same dilution.

What's being proposed in the Resolutions means that the job is being done sooner rather than later.