Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-38

Hey @investor901,

1/ You refer to the cash situation of $7M. Kudos to VSR Management for raising $7M at 5c. I stand by what I said, if we don't find anything with this coin raised the next CR will be dog sh1t. Constant drilling will burn through this cash pretty quickly. A lot quicker than 1.5 years.

2/ You have compared VSR to RR1 constantly and it hasn't changed a thing. It's all about sentiment and VSR's sentiment is poor due to perceived past failures/misses if you like. The other Co's you speak about clearly have sentiment on their side and it's their job now to try and keep it that way.

3/ We will need to find something for VSR to get back above 12c due to sentiment.

Many of us did very well out of the rise/pump with VSR previously, however many got burned badly hence the poor sentiment towards VSR. VSR are now pretty much in the position where belief is low and so is the share price. This is what made it attractive to re enter down at these levels.

I'm pro VSR mate. It's a great punt at these levels but it's risky business.

Question: Do you find it odd in any way that VSR haven't released the Phase 2 Drilling Results?