So far as I can see folks, there has not been any legal...

So far as I can see folks, there has not been any legal wrongdoing here. Perhaps some debatable misdemeanor breaches in ASX listing rules under 3.1 and some related party investment timing concerns. However that's pretty much it.

And folk's these are not a Felony or indeed breaches in the law in so far as I am aware , else they would have already been referred onto ASIC and / or the Federal Police.

What's complicating the matters , and it is a fine line the ASX seems to be treading here is the fact that the 3 companies MTL , VIC , and HDY have this common denominator Investor Adviser slash Funds Manager in Everblu Capital. Each of the 3 companies appear to be at somewhat different points in the timeline of this ASX ' Witch Hunt ' ....sorry I mean investigation. They all appear to be centered around the way in which the various projects have been acquired through the issuance of the various Vended shares. In Mtl's case , they appear to have satisfied the ASX's request for multiple back dated shareholder approval of these shares , and consequently should be re-instated to official quotation at the earliest possible time IMO. Mtl's situation is simply ridiculous and a clear abuse of power by the ASW. Vic on the other hand had their securities issued to the Vendors without any escrow provisions with not a single substantial notices being ever seen on these shares. And while everything looks above board on the approval of the securities issued , there appears to be a problem with the want of understanding into the substantial and steady decline in the companies value since this particular transaction and given Everblu's research recommendations for this company. In this case, I would think it was rather obvious that VIC was going to require further funds to exploit these new tenements whatever you want to think about the inherent prospectivity upside. There was always going to be a future capital raising for VIC, and this ought to be allowed to take place IMO. In HDY's case , it seems the ASX has intervened right at the pointy end of the transaction which is slightly different to the other's in that a good portion of the Vended securities have ended up in the hands of Everblu's most likely preferred clients and investors. This may be a good thing as it is not likely it is one of them who has potentially lodged a complaint to the authorities. At the same time , it also very much looks like they would have been the ones ( Investors ) to directly benefit from the ensuing pump which no doubt would have followed the newly acquired Vanadium assets. In either of these cases or situations , and as I have already stated before :- The ASX is clearly not doing this for the ' Mum and Pop ' small investors.

IMO the ASX is way out of its depth and authority on this ' Witch Hunt ' and ought to simply refer the matter onto ASIC so it can be resolved more expediently in the interest of the small shareholders of these companies. Clearly the more time the ASX wastes on these matters , the more structural damage they are in fact doing by impeding the collective management abilities in ' getting on with the job ' at hand. In our own HDY's case , our management was supposed to have flown to Argentina in order to expedite the advancement of this acquisition in the interest of ALL shareholders , and I can only imagine what this whole affair has been contributing to the interruptions to these and other aspects of our business.. In this game and at this end of the market, time is often critical - as time is momentum - and momentum adds further interest in our company and its activities.

Again and in my opinion only , the ASX should get off its self promoting and righteous ' Bandwagon ' concerning this affair and either hand over to the appropriate governing bodies or indeed get onto solving real and more important issues effecting small shareholders. like for instance the constant market manipulations , dark pools and the obvious detrimental algorithmic programmed trading which can be seen to occur each and every time a small investor places a trade with a broker into their ' self serving and righteous ' ASX platforms.

' Turn in up ! ' ASX . I know Halloween is fast approaching , but haven't you gone a little bit early on the ' Witch Hunt ' ......