Ann: Change of Director's Interest Notice , page-11

Dragan, what do you mean by "OWN SUBSTANTIALLY LONG THROUGHT".

He pulled out because he knew the raising wouldn't go through (markets crashed 10-15% in a few days remember) and he would be left with the shares, which he knew he could get a hell of a lot cheaper if he pulled out and raised at some point down the road when all other shareholders dropped their pants.

It's not surprising what happened, unfortunate hell yes, I kind of think it was pretty much the worsed time set of events in history. But I think we can pretty safely assume that the baddest of the bad sentiment has already been priced in by now.

The first trade after the announcement was 13c, then a couple million raised at 9c, but then 6c? It's too far, funding or not, the deposit and completed work has value. And if I owned the entire project I wouldn't be selling off little parcels at value 14m.

As I said before if a new private company was given 14M$ and they spent 12-13m (and retained it's market cap per $ spent) of it delineating and progressing as far as Viscaria then people would flood to give it capital at this valuation in normal times.

Anyway good to see a little buying coming in today, still thinking we may stabilize a little closer to 9-10c by year end, I would think AV has it's feelers out for a JV. Mohammad will probably come back to the party for some big raising down the track, a year isn't a lot when your talking about big $$.