Ann: Increasing confidence in Queensland Vanadium Projects, page-6

the thing about the equity issued for the vendors, we dont know what they value them at.

its not like they actually paid 0.004c for them.  It was exchanged for vending assets, there is no floor or ceiling to what they will value them at.

If they want to see value growth, would they want to see their equity of their assets rise in value, now represented in sp.

While at .004, could argue the value at 2-3m,  they might want to see that value rise to 20-30m ?

Its interesting, as the additional supply at present is coming from the currently issued options, and we dont know how sticky hands the vendors will have.

Perhaps as major holder of the stock, they will prefer to see the value rise.