Ann: AGM Presentation, page-18

From: thegoodoil21:
Can someone answer my question who are Vingo and intuitive who were issued shares ?

Very good question and one I have asked before but no one can answer this, least alone Stephen Hunt. I am very dubious about this. As a recent significant shareholder I had a real issue with this lack of transparency. Great to see a new CEO, I think VRC needed it some time ago. Let's face it SH had offtakes with MNS that look like falling over and I would be pretty confident IMHO that the same happens with these Chinese offtakes.

Dentonate suggested that the shares (4 million was it? with value around $400,000 at the time), was delivered to Vingo as a consultant in the deal. So we paid $400,000 for deals that are non-binding and may never happen. Please that is hardly the master of offtakes at work!

I have no doubt the PFS has a big number. In reality I am not sure it is reflective of the projects durability or viability. For me some gaps started to appear in the pitch when you drill down. I hope you all do well and this rights itself. For me I am out.