Ann: Notice of AGM/Proxy Form and Board Update, page-37

Hi YVR, I am glad to see you so passionate about this opportunity. I am too. But it is nonsense to suggest that the rally in world equity markets is not a broad based one. I listed 10 international exchanges that hit record highs last quarter and NONE of the Magnificent 7 are based in any of those countries, nor are they driven by megacap stocks. It is true that the larger stocks usually lead, (both up and down) but as is usual in a Bull market - the leaders are all growth stocks. Value stocks will eventually have their moment in the sun but not until the optimism and euphoria stages of the bull run are nearing an end.

For me the biggest issue with the share price performance is that VMT is invisible. It is clear to me that Investor relations is not on management's agenda.

It has nothing to do with Investors risk appetite, in my view it is that Investors (as a general statement) don't even know the potential of VMT.