Ann: Stavely Investor Webinar 8 July 2025, page-8

I’ve been invested in this company for the past 7 or 8 years and they have done absolutely nothing except for raising money from $1.00 per share right down to the latest CR of about 2c a share and diluting our shareholding. I agree that exploration companies need to raise money but in my opinion the only thing they predominantly do with it is pay their salaries. Cairns needs to have a good look at himself. They jump from one project to another and achieve zero. Buy assets like land in Victoria well above what it’s worth which apparently was crucial to have and then sell it at a sizeable loss?? It’s a joke and they the Directors are laughing all the way to the bank with our money.