IRL 2015, page-5

Agreed mate.

I hope Arvind and Co are taking note of this.

Arvind and Andrew and management : Please ensure that shareholders are not diluted anymore!

Please use the Hindustan Copper payment of $4 million that is due to undertake the JORC drilling and organise a project finance facility/package like Sirius resources has done recently to build the mine.

Sirius Resources has an in situ value comparable to Aravalli (I think) and they have managed to prevent major shareholder dilution even though they were down to their last $1 million approx 18 months ago.

We will not put up with further dilution. We want big shareholder gains from Aravalli this year.

HH