Ann: Investor Presentation, page-7

Yes another fluff piece, but a clear message that drilling at Evelyn is designed to boost reserves/resource and give more confidence to funders that this is not just a small 8 year project hardly worthy of the attention of the project financiers. We have a project critical path graphic showing first funding is still due in Q3 2024 through to Q1 2025, with development works underway in Q4. Surely if there was no prospect of this they would have amended the slide?

Well in the ensuing chaos following the latest placement and Wall Street jitters I’ve been able to average down nicely, although like most I’m well under water on this one and have more than I should have. Watching my profits taken on Droneshield evaporating with ANX.

I’d be surprised if we fall much more, but without getting the project underway there is no revenue and ultimately no asset.

Having bought some yesterday I guess I should reinstate my buy sentiment.