Ann: Avalon Minerals Completes AUD$1.95M Placement, page-24

Thanks for the update on the AGM. It is interesting to hear you describe the MD talking in circles at the AGM, because that is exactly what AVI is doing right now, going around in circles with no clear funding plan. To raise the money AVI needs to get the Viscaria BFS completed, will completely destroy the capital structure and that even is after the share consolidation. Does any one know what Acorn's intentions are? They hold 12% of AVI and sold some shares in October, according to the 604 they lodged on 7 Oct. Are they going to be continuing to sell? It will be interesting to see where the share price ends up after the 1 for 10 consolidation.