Ann: QBL is expanding its gibbsitic-bauxite portfolio, page-9

So Volcan (aka QBL), sells its inverell tenement to First State, who then sells it back to QBL (Volcan). Previously, Volcan (aka QBL) sells 50% to Plateau Bauxite (who has common directors with QBL). And I love the specific mentions of first state not being a related party to QBL. Just in case anyone should get the wrong idea. Hmmmmmmm how anyone could get the wrong idea about this upstanding company is beyond me. Good to see they don't need to raise capital... Although I am sure Gleneagles (not a related party) would come to the party with a convertible note or two if required