Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-263

Gday Bomber
I see you’re in …or have been ….in FNQ
Good idea to get a bit of warmer weather.

Ive been in Paynesville on Gippsland lakes
PV definitely wasn’t experiencing global warming while I was there.

I note another cilica sand wannabe in FNQ near Cape Flattery,
which logistically is in the back end of nowhere in terms of exporting/shipping cilica sand,
is proposing building a glass making plant up there.

Maybe you could do some grass roots, on the spot investigation while there?


They have over 3.3 BILLION shares on issue
having issued them like confetti over the years.
Every time they do it they have diminished individual shareholders ownership of
the company.
and they need to issue very large numbers of shares for a pittance per share to raise very little money.

BM deserves credit because he has done a fantastic job over the years in not
seriously diluting our individual shareholding in V

Cheers
bendigo