Ann: Update on Cobalt Offtake and Funding Negotiations, page-36

Tony Sage owns the Glory because of past luck - he had 2 fantastic deals nearly a decade ago and has done nothing in 8 years or returned any value to shareholders. In fact if you looks at the figures, he basically squandered 1/2 billion of the 3/4 taken during the good times.

Why did he drop $20K on FEL? well that is only 1/3 of his yearly paycheck if FEL is still a going concern - I am really worried that because TS buys his own shares that people think it is a vote of confidence. He does so at a fraction of the money coming in the other side and it gives the impression that he has confidence in the stock. Outlaying 20k here and there to maintain his pay checks of 1M+ while expanding his holding is really transparent cash grab.

When it comes out when deal is done that $250K worth of shares given away to the 'deal facilitator' of the CFE/FEL deal, then it is my feeling there will be a obvious direct link to his bank accounts.

TS extracts cash from CFE and group of companies many ways - multiple pay checks for the same job, hiring his company for consulting services (himself) for paper work deals and paying over the market lease on properties he owns - not to mention Perth Glory boxes.

I do sound negative on TS, I believe in the potential of the assets but I am afraid that is not managed in favour of the shareholders. Please feel free to prove my research wrong, I use ASX announcements and freely available media sources as well public registries.