King River Resources General., page-43

The commencement of drilling at Tennant Creek was initially intended to start this quarter, as the wet season in the Kimberleys would put a halt to exploration at Mt Remarkable. And the NT was seen to have more favourable conditions to continue exploration. In a later announcement they stated Tennant Creek drill would not start until sometime in 2019. (Changed their mind ?).

The long awaited Vanadium SS capex was deliberately overestimated, or as some like to say, conservative. Backed up by later comments fromTB.

SP tanked.

Then days later, announced  improved process route, with possibilities to increase profit margins and processing throughput timeframes, and reduce costs.

That is a positive, but should've been included in the SS. It wasnt.

Following that our MD offloaded shares.

My sceptical mind thinks we have been played, subtly but surely. And my next fear is a CR through instos and a possible offer to SH also. Like a maximum participation of up to 15k. TB may even announce he bought more.

I dont beleive we have $5mil in the kitty anymore like some may think.

Perfect opportunity to top up the funds before the next updates start to roll in. Then TB's mates can sell into it.