Ann: Lochinvar Coking Coal Project - 2017-18 Exploration Program, page-53

After reading the notice of meeting, the 1.5c capital raising went to clients of Peloton Capital. This is the same outfit that did the raising at 2c.

It is no wonder the shares got sold down prior to the announcement of the last raise, they were fully aware it was coming. Given the tightness of the capital structure before the 2c raising, unless RCF is selling then it is highly likely the large selling is Peloton clients. Gary needs to man up and provide a better explanation to the market as to why this raising was necessary after telling the market they were well funded. Who’s driving this company, Gary or Peloton Capital?