Ann: AKORA Presentation, page-6

I thought it was a good update. Paul has delivered everything that was promised at IPO for very low cost. The share price is down 50% but everything on the junior end is down, so that is just reflecting the market not the company in my view.

AKO haven’t suffered excessive dilution unlike the majority of junior explorers and this is because they run on the smell of an oily rag with hardly any overheads and hardly any cap raises.

The downside of the company running lean on overhead is that resources are tight to do both technical work and promotion. In this environment, I’m happy to be a bit more patient to avoid the cash drain and more regular capital raises.

I think we will probably get a boost in the share price after the cap raise just by removing funding risk. The updated resource and scoping study release should also provide strong share price support.

I’m feeling good about the next few months.