Ann: Launch of Velo Resources and Vimy Board and Executive update, page-14

I'm all for VMY being active, the argument that VMY should sit quiet is silly imo. VMY are in the process of positioning themselves to be ready to sign contracts when the U price reverts back to it's mean. If Mike can prove an economic project is at Alligator River, then I believe utilities will prefer us as they generally look to build long term relationships (10yrs+). Also, i think this being an open-cut project favours us as they typically have lower cases of technical issues.

Morgans, Macquarie and RCF have killed VMY's share price this year. I think once RCF exit, that is all the major sellers sorted.