Ann: Change in substantial holding fom NGF , page-4

BAB need another A$ 5m to complete DFS Tan, as I think they were expecting to spend about $2.2m this quarter. BAB can issue another 15% of shares without SH consent, but needs an ordinary resolution passed for more than 15%.

I'd hope Brett uses that authority sooner rather than later to top up finances then kicks on to DFS issuing the progress reports that we know will increase our asset value above the Experts view of 14.2c.

NGF will keep on nibbling away at our SH base but the low hanging fruits have already been picked.