vic +25%, page-17

Guys, we are in a highly speculative part of the market, there are people having exactly the same discussions about penny dreadfuls in all fields, as mangement struggles to get the right mix of funding and projects (take a look at PNO, and the Palermo vehicles).

To be honest having a good spruiker like Mortimer when it comes to making things happen in this end of the mkt is useful (Mortimer reminds we of Terrence fern at PSA). based in Sydney at least suggests some level of corporate governance as well.

For the moment we have a wall at 0.8 cents, which I assume is people flicking the 0.7 placement stuck for a pip, remember 150 mill shares were issued at 0.7 cents in late Oct, and it hasn't traded above 0.8 cents since. 200 million shares have traded since Oct 31, so some chance the overhang is close to be cleared.

GL