Ann: Application for quotation of securities - EL8, page-23

Always a good sign to see fear mongerers arrive, if people are purposely trying to create fear and uncertainty it is because they want to load up the truck and want in as cheap as they can get. There is obvious interest here and raising the price doesnt bring out sellers, so creating fear is the next logical line of attack.

What has happened here? Options have been exercised, putting cash in the companies coffers and once the new shares have been churned through by the market, that is one less set of options that needs to be redeemed and one less barrier to hold back the share price in the very promising future.

For those that have sold on fear due to the volatility of a 20% down day, maybe you should consider that EL8 is a small cap company in a very small sector, volatility is a given... both ways.

For those that have held, we have airbourne EM results due next month which I am personally very excited for, I can't wait for the company to get properly stuck into the exploration of the Namib land package. And ontop of that, Q3 should see Sprott's SPUT listing on the NYSE with it's ATM raisings.