Ann: Response to ASX Query, page-5

Well!!!

Reading some of the share holder names of Cobalt wow, ‘Wolf like me’, ‘golden dawn’, WTF seriously? Seems most washed their hands or VIC shares. If you take the shares they were given and use a $0.015 average, more than a few walked away with $50,000 to $200,000. The main owner Strata (I think) was issued ~87M shares and still holds ~47M VIC shares according to ANN. At an average sell price of $0.015 that’s a nice $600K. Hmmm. Honestly l don’t know, gut feel? All seems fishy but hey what the hell do l know.

Short-Medium term people will rush for the door and salvage what they can before this tanks to 0.001, l hope not but!!!! Depends what the news is l guess but even then.

Long term 2020 if they drilled the tenants and cobalt results were good we could see a 0.02-0.03. By 2020 most people here would have moved on. Hey if you can pick a few million VIC shares for 0.001 why the hell not lol.