take over theory, page-4

It does not matter how huge the Vanadium is or if their were 50 companies interested in taking over YRR. The reality is shareholders should have been somewhere between 50% to 90% better off. Put it this way, the Vanadium is worth $200 million after the resource statement is proven. This is great if there are 100 million shares on offer (SP = $2) however it is no where near as good if the company has diluted the stock to 2 billion shares (SP = 10c).

As for Diamond's comments, I just laugh. HE IS TRYING TO DIVERT THE ATTENTION AWAY FROM A DISCRACEFUL DILUTION WITH COMMENTS LIKE SURE IT IS BAD FOR SHAREHOLDERS BUT WHY WOULD THESE PEOPLE DO THIS IF THERE IS NOT A TAKEOVER IMMINENT.

Your agenda is obvious Diamond however for the benefit of others considering entering YRR I suggest you think through this scenario. The people that are receiving the benefits of this dilution are far better off to have a takeover AFTER dilution of 15c than they would have been company been taken over for 25c BEFORE dilution. Suggestions of an imminent takeover maybe true but the price maybe at a lot less than the current price and the ‘Boys’ still receive much more of the pie.

It is that simple, you should be very sceptical of anyone who suggests anything other than this. They either do not understand investing at all or more likely they are associated with the boys and are ramping.

Yellowman seems to be content that he has been duded however he is content to hope for a takeover. Maybe he is right however the takeover price would have been 50% to 90% higher for long term shareholders.

The only logical explanation to support the Cabe merger with YRR is that Cabe has massive resources itself or the Vanadium is worthless. Interesting that Diamond and his mates are not pushing the agenda that Cabe has huge resources. The reason they are not is that we all know due to continuous disclosure rules any resources held by Cabe would need to be disclosed to the market. If you doubt this comment, you should read JORC Code Clause 13.

I am also glad that Tolli is back … oh I mean Tangles. Oops, sorry it is just interesting that they have the exact same writing styles. Sorry Tangles. Haha

I am the Iceman!