Ann: Notification of cessation of securities - AVZ, page-5

A malevolent shareholder may suggest this is part of the reason for the recent extension of suspension of trading before any mining license announcement, to avoid further potential solution to shareholders in the event a cap raise is required to go mining (it is doubtful this would be required at least for stage 1 production, but possible if that work is being done now, which it is, and we jump to stage 2 without offtake partners very quickly).

Not a good outcome for contractors but a good outcome for current shareholders.

Future contractors may think twice before being paid in options though, IMO. We will be paying in cash, that suits me just fine because we will have plenty of it.