Ann: Chairman's Address to Shareholders , page-21

Teddyward:

FWIW in response to your query for further information on the Nowra operations. My contact doesn't have info on the plant capacity, just that it looks from a distance as if it's in current operation and it doesn't look like it has just been ramped up for a single purpose and then shut down.

But it's only what appears. I don't have a direct contact at the plant.

It's only a clue, but to my way of thinking the fact there is a plant engineer there, and that McConachie is back in Florida suggests that they've ironed out the problems at that plant and have moved onto other applications. I just happen to like the fact that they've had another ann about another deal. As I said before it's a vote of confidence.

It is a join the dots situation, and it's frustrating and challenging but that's the risks and rewards of speccie stock.