trading, page-25

A good start on the road to recovery today even PAXO’s were traded, we may have seen the end of Deer Valley for now.

I know from my communications with KP that a number of shareholders have made plain to him how they feel about recent events. DV are a means to an end however they are a short term advantage to the company and extremely detrimental to shareholders who are mostly there for the long haul.

The lesson I hope management has learned is exercising a short term opportunity can be detrimental to long term relationships.Panax will need us shareholders on side much longer than they will need Deer Valley.

There is a vote at the AGM to allow another 15% placement if required, after my discussions with KP I fully expect Panax will be far more judicious in using this type of facility in future.

I feel that upward progress from here will be slowed by opportunists who bought in at 0.2c selling between 0.4c and 0.6c, artificially capping the stock in the near term. Hopefully for all our sakes once we get news on PPA’s and funding we can finally see some serious upward momentum.

We are in the right country and the right stock, good luck to us all.