Ann: Ceasing to be a substantial holder from DAF,DAF-AGY.AX, page-27

As i have posted in the past 1 need only look at the personal and related entities holding of Jerko Zuvela to see where his faith and focus is and that is AGY. According to the latest annual report and top 20 Zerko holds 14 mill shares plus the top 20 shows related parties hold 42 million shares. On top of this Zerko has 42.5 mill shares owed to him in convertible note that is owed to him for putting in $$ when he took the role at AGY and backed himself to turn this company around while it was on its knees. On the other side of the fence he holds a big fat ZERO DAF shares. Also DAF sold off 100 million shares in AGY last year at .002 and were happy with it and now they are happy to cash in now in the 3>4c range and run with the cash to focus on their own projects. By the looks of it Jerko is focused on AGY and the day to day running where as his role in DAF and belief is minimal. Seen it on many companies where directors have dual roles but their focus is on 1 while the other companies main directors make the calls there and with AGY significantly rising they had a chance to cash in rather then try and tap the market for funds while possibly they had no interest out there with little project activity so AGY have done them a favour giving them the opportunity to fatten the cash kitty.

The coming week should be interesting as we have been told news on a number of fronts is due on DD and new opportunities in the lithium space. I believe we are about to see AGY turnaround from a spec with nothing earlier in the year to a serious lithium player with multiple projects in Argentina amongst some of the biggest lithium players globally. All this on the back of AGY directors working hard to turn this company around and find some very good projects in the right locations with people on the ground who know the area and are experts in the lithium field. Yes frustrating the DAF situation but the shares that they or others need or want to be sold will be sucked up as this company grows to a major lithium player. I expect we will see AGY move very quick on a work program on these projects that is why funds were raised plus we will also see the company pushing the story once the full picture comes together after DD and any more acquisition targets are revealed. Then a clear picture will be see here of the full potential these projects have in the lithium triangle.

1 must realise the share market is what it is a playground of buyers and sellers who all have their own focus and targets that they are happy with to either buy, hold or sell. Does 1 mans decision to buy or sell mean anything but just that their decision to do so for their own reasons as DAF's have been to be able to finally get some cash in the bank to advance their own projects or acquire others. On the flip side AGY was able to deliver significant projects on their own and get the share price up to a higher level to be able to raise funds at a higher price on their own to focus on their move into the lithium space. So far we have seen a very well mapped out rode taking shape here of a company turning from a spec nothing to 1 with mutiple projects in the right sector at the right time with location the key here within the Lithium Triangle.