Ann: Caula Vanadium-Graphite Scoping Study Exceptional Economics, page-90

The market over hyped the share price, there was some figures people threw around of in excess of 50 million from auction! And people threw some numbers to go with it and off it went, I sold just prior to the auction at 17.5c average and knew that the auction was going to be an absolute reality shock, I would have never held it to auction market is well known for over inflating prices and the brokers were the drive behind this rise. I was lucky enough to buy at 4c then more at 10c then all out at 17.5c average. I told people after I sold that the auction was going to be a huge shock that it was going to collapse and I was laughed off, guess those that were laughing are the real joke traders that knew it all right!