Ann: Successful $27M Placement for Okvau Development Activities, page-15

UB , BP , et all

Well, i've been pondering our plight all week since the CR announcements. Occasionally whilst grinding my teeth. Clearly , like some others I imagine - Im less than thrilled about the last 12 months. For several reasons which ive already vented here previously.

I bought my first parcel of these when momentum was strong (March 2017 - in hindsight - poor timing), and 2 more equal size parcels since then , at lower prices. But, all my buy prices start with a 4 , so as youd expect, we get to Nov 2018 and we are raising funds at 3c, and yes, i'm disappointed.

However, this wasn't a punt or a trade for me. It was an INVESTMENT, with a timeframe of 2+ years (in reality, 2, 3 or 4) so, on that basis, ive just got to tolerate this short term revaluation of my holding, and still adhere to the many reasons why I invested.

Obviously, the time lost over the last 12 months in getting the ML, affected momentum significantly, and once that goes, as we know in this small end / start up area, with momentum goes the share price.

In my opinion, I rate the Board here very highly, so, if they are putting in MORE funds, then im happy to be in the game with them. If they believe - so do I.

Ive said this before - but our MD - Morgan Hart was heavily involved in the success of RRL. The other big factor with him, hes a boots on the ground Geologist, not some St Georges Tce spiv in a shiny suit. He knows how to build a Mining house and he knows good dirt when he sees it. Part of my own long game bet is that Mr Hart and his team will find more deposits in the area they hold , other than our primary resource (just like RRL did) and our numbers will all grow when they do.

Thrown in Simon Lee to navigate the business and commercial / political side of things for us, and I still think my 2 to 4 year play is worthy. Maybe I paid too much to get in, but, you can never pick the bottom of the market can you.

In other words, if you are an INVESTOR in this - be patient - see the game through.

Yes, im underwater at present, but I will keep my eye on the timelines I set, my objectives, and the reasons I got on board,,, and when I look at it with that perspective, im still more than happy to be a shareholder.

So, raise the money and build the project I say.

Game on !

Good luck everyone