Ann: Investor Webinar Presentation, page-20

That's a fair post albeit some negatives. There is nothing wrong with your strategy. And yes, VMS have made mistakes before.

However, the 'early shipment next month' comment was always due to 'Dry Screening' not 'Wet Screening'.

Yes, that may sound like an excuse and probably is. But the shareholders would run riot and chaos would occur if VMS did the first shipment and didn't generate much profit, yes revenue but not much profit.

The Board would surely know they would get criticised if there was no first shipment.

Now the Board appears smarter giving more realistic timeframe and including photos. If you have noticed Andrew has been more proactive in the public domain recently with interviews here and there and there are photos here and there.

So the question becomes does VMS do the first shipment early just to please shareholders or do they look at the iron price and switch to Wet Screen Mining and generate more profits and do what's right for shareholders long term?

If you look at the photo below, it's photos a few days ago and apparently concrete is being poured next week.

At least we can see photos and progress.

In the past, VMS never showed photos.

Good luck with your strategy and everyone' strategy is different.