Ann: Trading Halt , page-13

As a long term holder that has seen gains come and go, hopes raised and then dashed. It seems that whilst the delays are frustrating, Posco is working in the interests of all shareholders in ensuring that this mining activity is as profitable as possible.

They are making David and his team really think hard about the possibilities of how to squeeze every last dollar of profit out of this operation.

With the Zircon price as volatile as it has been it makes sense to cut the cost of any activity as it reduce the overall risk.

After the signing by Posco I am expecting a capital raising by rights issue and if so I will fully subscribe and I am holding back my cash for that.

The show is not over until the fat lady sings but she is tuning up now.