Ann: Cyprium Metals Update, page-65

Avior are also administrators. Given they have secured their loan, the last thing we shareholders, or Metals X as convertible note holders, are going to want is Avior to trigger a liquidation because they will wipe out our equity and walk away with the project if push comes to shove.

I recall what happened to Tiger Resources in the Congo. Taurus, as predatory debtors, ended up executing a dead of arrangement that saw shareholders (I was one) diluted to the point that our interest in the company became "uneconomic". The project ended up belonging to a Taurus subsidiary (can't remember the name) and even then they couldn't save the project and it ended up going broke. Karma. I think even the World Bank lost the money they lent to the project.

I hold HCH and it was a happy day when Taurus finally converted all their notes and sold out even though it was depressing for the share price.

I've had a few investment disasters both on the ASX and through private investments in my life. I would be very happy to get my money back on this one. Even 50% would be better than a poke in the eye.

Patterson province is going to be an important mining region. It would be a pity if CYM didn't survive to be part of it.