Ann: Operational Update and Resignation of NED, page-43

This is what we actually have:

You have said-
1. Yibin have bailed on equity placement with AVZ
2. Yibin won’t complete an Offtake with AVZ because they signed with that mob in WA
3. AVZ will be broke by May and go into VA
4. DRC govt will take the project off AVZ

Now we have certainty that you were wrong on all counts.

It’s great news that Huayou have been diluted and lost the Board seat. There is no evidence that they won’t remain a shareholder, so there is no basis to your claim their shares will hit the market now or any time soon.

Options are being converted by holders and at last announcement there was approx 170mil still in play. Holders here have been stating they are converting. So it seems that Cannacord will have very little if indeed any to convert.

So your claim that 400mil shares will be dumped is just deluded fantasy and likely be another wrong claim of yours.

All IMO