Ann: Change in substantial holding, page-32

Went looking for the last top 20 holders yesterday and didn't see them in the financial accounts, maybe me just being hopeless

What still surprises me is that LD buying shares on market at $2.50 and using $50k of his own money in July? I understand that $50K may be a very small amount for him but what we normally see is directors issuing performance bonus shares by the millions and in JRL's case who would argue that the directors did deserve it. On top of that JRL only pays LD $90K a year, I've seen companies with no activity paying directors more than that.

Happy to see the SP go up but more interested in the long term as EV's are starting to get major market traction, the forward looking companies will find McDermitt very attractive. What reduces our risk is that JRL is not a miner and will either sell or partner with someone else to get the max value out of the McDermitt. Once that's out of the way they will move onto Clayton North and if that's not worthwhile then Australian projects and so it goes on.