Ann: Viridis Completes A$4.5 Million Placement, page-16

Hello. Its always interesting when a chairman, i guess with lots of money, makes a significant investment. Australia's greatest explorer is a man named Mark Creasy. Mark Creasy appears loaded. But on 14/7/22, Mark Creasy took a placement of $7,000,000 at $1.20 per share in GAL, which had found a palladium deposit. Today, GAL's share price is 21 cents. Therefore, investments by company Chairman, etc, are not always indicative of a company's success.

For me, personally the problem with VMM (apart from some recent things in recent announcements which I personally would not have written) is MEI has decided to restrict its feasibility activities to their higher grade tenements, which could have a head grade of 4,000ppm. Therefore, at least for MEI, all of the hype on this forum about 10mtpa and 15mtpa operations appear gone. If MEI are focused on a 5Mtpa operation, current REE selling prices & potential opex affect valuation. MEI lost 50% of its value just over a month. For me, i can't any comparative VMM grades to date.