Ann: Element 25 Extends Share Purchase Plan, page-15

Unfortunately E25 is heading for massive dilution as management are incapable to getting the mine back in operation and virtually nobody is interesting in buying shares via the SPP.
The next capital raise will be much lower as all E25 management are concerned about is getting their salaries, ie. keeping their snouts in the trough a bit longer. As a result the number of shares on issue will double.
When diehard mouthpieces like Garant won't participate in the SPP then what hope does the company have?
E25 management has lost all credibility as the mine would be profitable at current Mn ore prices, but it takes dedication and hard work to get the mine back in operation.
Its much easier for E25 management to have a few investigations, followed by a few overseas junkets and then spend the rest of the day posting regularly on Twitter.