Ann: Quarterly Activities Report , page-13

You need 10 of them to decide to buy the outstanding 25% of the Nickel Project increasing AVB's ownership to 100%. Sadly the Nickel Project has drilled 1500m recording only returning low levels of Nickel and Copper. Was AVB required under an option to buy the other 25%?

On top of this we need a whole lot of directors to assist with the Iron Ore project with Vale "who are committed to and are continuing negotiating an acceptable outcome".

What does an acceptable outcome mean? We don’t pay Vale to take it off our hands? Where is the $1m for extending the option?

AVB management are the ones who need to be held a little more accountable.