Ann: Update - ASX Enquiry, page-206

ASX infers that the Vendor Group must have been of the view that the price HDY agreed to pay for the NellyVanadium and Vanadium Mining acquisitions was very favourable from their perspective. They were 8/10prepared to give away 52.55% and 64.60% of the deal value to Adam Blumenthal for a mere introduction.The likely corollary is that the deal was not such a good deal for HDY and its shareholders.

Neither is delisting,