Ann: Ardmore Project - Extension Fee Update, page-29

The professional, sophisticated and institutional investors have the shares from the recent capital raise go live into their accounts today. Will be interesting to see whether they come in heavy and drive the share price forward.

I am not concerned about the extension fee and the rejection thereof. IPL is throwing the toys out of the cot. I would be having a tantrum as well knowing that a multi-billion revenue project was sold for $5,000,0000 to CXM with some tokenistic royalty drip feeds over the ensuing years. I would be royally pissed if that happened to me.

What is happening now will be like a blip for the go long and strong brigade. The low volume trading and retracement is predictable but is to be reversed soon. I am a bit surprised that we have come down this low but these things happen when day-trading panic sellers are around.

The current market capitalization is unsustainable. The professional and sophisticated types will get things moving.