AJAX
Capri Listco
stockNYSE

I think there’s some relevant information missing from your assessment. Firstly, the appointments extend well beyond Pompeo and today’s proposed appointment of Dominic Raab: • **Carole Whittall, Strategic Advisor** — CFO and Executive Director of Yellow Cake, with more than 25 years in natural resources, including senior roles at Rio Tinto and as Head of M&A at ArcelorMittal Mining. Her Reveille remit specifically includes financial planning, funding priorities and acquisitions. That seems directly relevant to your funding question. ([aquis.exchange](https://www.aquis.exchange/stock-exchange/announcements/5998959?utm_source=chatgpt.com)) • **Sofia Bianchi, Strategic Advisor** — a Non-Executive Director of Yellow Cake, Ma’aden and Ivanhoe Electric, with extensive institutional-finance experience. Her remit includes supporting future financing and offtake arrangements and introducing technical expertise. ([aquis.eu](https://www.aquis.eu/stock-exchange/announcements/5987751?utm_source=chatgpt.com)) • **Dr Camillo Mario Pessina** — the former AGIP Nucleare lead geologist for Val Vedello. First-hand geological knowledge of the actual deposit is a fairly relevant addition when questioning the team’s experience. ([investegate.info](https://www.investegate.info/announcement/rns/reveille-resources-plc--rev/appointment-of-agip-nucleare-lead-geologist/9828303?utm_source=chatgpt.com), [advfn.com](https://www.advfn.com/stock-market/AQSE/PBX/news?utm_source=chatgpt.com)) • **Lieutenant General Andrew Rohling**, former Deputy Chair of NATO’s Military Committee, whose proposed appointment as a Non-Executive Director was announced last week, subject to approvals. He also has extensive experience in Italy, where he resides. ([embed.aquis.eu](https://embed.aquis.eu/stock-exchange/announcements/6005627?utm_source=chatgpt.com)) Raab is also Head of Global Affairs at Appian Capital Advisory, which specialises in metals and mining investment. That’s relevant experience beyond his former political title. ([globenewswire.com](https://www.globenewswire.com/news-release/2026/11/09/3398075/0/en/proposed-appointment-of-rt-hon-dominic-raab-as-independent-non-executive-director.html?utm_source=chatgpt.com)) On Ajax, if we’re using the performance of associated companies to assess management, it’s worth including that too. FT’s delayed data on 9 November showed Ajax up approximately **54% over the preceding year**, at 6.56p. It has been volatile and traded higher, so I’m not suggesting every shareholder is in profit. But that provides some balance to focusing exclusively on Zenith’s historical decline. Neither company’s share price determines whether Reveille will succeed. ([markets.ft.markitdigital.com](https://markets.ft.markitdigital.com/data/equities/tearsheet/historical?s=AJAX%3ANXX&utm_source=chatgpt.com), [tradingview.com](https://www.tradingview.com/symbols/AQUIS-AJAX/?utm_source=chatgpt.com)) On funding, I’m certainly not assuming a few million pounds will finance a mine through to production. Further capital will be needed if the projects progress that far. But the amount, timing and structure matter. Equity, strategic partnerships, joint ventures and offtake-linked funding would have different consequences for existing shareholders. None is secured, but neither are the terms of the “serious dilution” you’re predicting. Reveille has also already acquired the subsidiary holding the Italian licence applications. The immediate work is progressing approvals and validating the historical exploration, rather than purchasing a fully permitted mine and immediately restarting production. The uranium-sector experience, mining-finance background and project-specific geological knowledge are meaningful reasons for my interest alongside the political appointments.