Ann: Redmoor 2018 Resource Update, page-23

Many short term/day traders who got caught up in the previous run on NAE have still got a sour taste in their mouth.

Looks like many have completely forgotten this stock and disregarded any project value to our MCap. Not many shares on issue with majority held by top 20 and RCF holding 33%. Little free float available for retail investors and can be very easily manipulated as most of top 20 have either held or been accumulating over the years, so doesn’t take much to push price up or down. I’ve seen she’ll companies with no projects valued higher then our EV value.

Not sure as to why market has not returned on the recent news or when they will, but once Gary provides some updates and project feasibility I guess everyone will see our true value and our SP should rerate.

I’m taking this as a chance to top up before news flow begins again and we see a new flow of investors return. Good luck to all still holding