What Trent is saying is that Smyth's little shell bought the Angolan land for 12 mil, and has subsequently been offloading it to CVI shareholders via the money received from placements to their good mates, for 100 million meaning we have been buying fortitude for $1.39 per share when really it was originally bought for 23.7 cents per share(that's it, in a nutshell).
good mates, page-38
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