Essentially it's another 40m unnecessary dilution. This deal has made lots of investors lost confidence in Vince. A free lesson for Vince at a cost of shareholders. I hope Vince takes this opportunity to reflect what was his mistakes and hopefully not repeating it again.
Nonetheless, this marks an ending for the crappy Blessie project and a new beginning for our world class **bie Vanadium project. Let's move this quickly and redeem yourself Vince.
All the best to us all.
Ann: Conversion of Class A Performance Rights, page-3
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