Ann: Chairman's Address to Shareholders, page-8

As I communicated a long time ago - patience is required.

Regardless, if Valentia is in/out they will have to pay a large sum of money to EVM.

Hoping, the termination clauses in the HOA is constructed in such way that Valentia will pay EVM a substantial amount of 'exit-money' - similar cases are out there in the marketplace, based on what I have seen I like to think a min $2m to be paid to EVM, should Valentia fail to meet its obligations... But of course it depends on how the termination clauses have been constructed.

On a positive spin, at least this time we see EVM setting a final deadline of 2nd Dec. One can only hope EVM has some kind of mitigation strategy in place to secure new funding, should this be needed.

As a long-term SH (9+ years), I still like to see some of EVM's planned projects come to fruition.

Waiting patiently

DYOR