quarterly, page-10

I know the quarterly is for the period ending March, but companies often inform the market of events subsequent under a separate heading.

As our mining licence has not been announced and there is no mention of it under events subsequent in the quarterly and bearing in mind the final date by which the mining licence was to be issued was 26th April, then, is it fair to assume that the mining licence was not granted and VOR has lost its best tennements and all the cash spent on them?

After all we have gone from being ahead of schedule on the mining licence application to absolute silence.

If we have indeed lost our best tennements it would explain why the latest quarterly is just a cut and paste of the old one. After all why try and achieve anything if you are going to lose the ground.

I hope I am wrong but it is the only logical conclusion.

EB