Ann: First Cobalt Proposal to Merge with Cobalt One, page-11

If you take a look at the deal it is fantastic. One of only 4 mines in Canada that can mine Arsenic. Increase in tonnage will be expansive (78 mil for a floatation circuit etc) but can be done at a cost. I would say the board has a plan here. Looks to me like a rare opportunity. I would say well done management. Plus this stock will expose ASX holders to the canadian exchange or in time the US. If cobalt prices hold this is a no brainer.