Ann: Change to Substantial Shareholding - Edison Metals, page-11

- Thank you SC for propping up our SP today. Should soon see you in the top 20.

- BMM selling down is excellent news to me. They were never going to take us forward. They are making a nice profit. Good riddance if they sell everything as far as I am concerned. Wanted to take us over at 6c the @#$@$%.

- A bit more concerned if AF also sells down (especially if under 10%). But if he does not want us, then likewise, we don't want him. POS is an exceptional investment proposition with nickel supply constraints to underpin a sustained period of high nickel demand. Let him enjoy himself at Noront.

- IO price down. In a selfish manner, I take comfort in this. Any weakness in the A$ is good for us.

- SP was quite resilient today. Of course, now that FID has been pushed out 4 - 5 months, this gives more room for some to create sp chaos. If you believe that POS is the real deal, then you will look at these actions with detachment.

- Ladies & Gentlemen, please give a big round of applause to SC for his contribution.