Ann: 2015 Share Purchase Plan Offer Documents, page-3

Interesting to note the scaleback conditions of the new SPP. They are permitted to scaleback (Condition 7 of announcement) once 118,961,588 shares have been requested in the SPP. This equates to a little over 3.5million. With only $500k roughly subscribed to last time I think maybe 1.5-2 million might be more achievable.

With the 21 million on pre sold materials note that gives us 24.5mill. Pay back the 12.6 million to capri/KDR we are left with 12 million roughly. What other current liability will fall due in 2015? Also wondering how much capital is required to upgrade the circuit? Really spring to mind to when the 2014 end of year financial reports are due. Hopefully the end of Jan all these facts come to fruition.