hilarious announcement, page-9

Funny and incisive ... thanks Ronnie :)

You missed this deceptive miffed crud :

"Shareholders will recall INL recently acquired a large number of Jervois shares and subsequently sold these
shares at a profit after the merger discussions were terminated."

This statement above gives the inaccurate perception that INL sold *all* its JRV shares.

From INL's ceasing to be a substantial holder notice the other day, here are the facts:

"INL has since sold on-market at an average price of 2.73 cents per JRV share and INL now retains
8.33% of JRV on a fully diluted basis at an entry cost of less than zero (even after taking into
account the cost of the presumed future exercise by INL of 107.2 million 1 cent JRV options).

INL thus remains JRV’s largest shareholder (and by far JRV’s largest shareholder on a fully diluted
basis), at no net cost to INL."

In all 124,325,310 shares were sold on the 22nd and 23rd March.

Will INL hang onto its remaining goodies? that is the question.