Ann: Half Yearly Report and Accounts, page-29

Interesting largus,

You are of course welcome to your opinion..

I HAVE been banging on on here about issues relating to hazer. And my past positive attitude changed after 1 conversation with Geoff Ward.

All of the posts that I have mentioned on here in relation to where in my opinion caution is needed are related to conversations with the horses mouth. I don’t understand why you would want to stop that?

In my posts I mention ‘I had a conversation with andrew’ or ‘Geoff told me’ or ‘Luc said’, or even this classic chestnut, ‘...on the timeline release from the investor presentation.’

All of these details I thought would be important for current and future investors to take into account.

Now given hazer’s current financial situation, not asking yourself ‘where will the money for the demo plant come from’ especially since Whatsa has that conversation with Geoff, who said, no partnership or royalty agreements. This should, as part of your due dilligence be setting off red flags all over the place.

Geoff also did say (in reference to inductors post) he didn’t want big fluctuations in SP, so for that reason there is no need for communication with investors especially since it won’t effect the tech, as that milestone has already happened and telling people about it doesn’t change anything..

So that genius comment alone scared me off hazer, he isn’t getting big movements, congrats Geoff, just a slow March down as predicted after I heard that comment.. a speccy without news is dead in the water. So...

I pose a question? To you largus, or Caspex, or inductor, or anyone else sick of me banging on about what is actually happening at this point.

How do they pay for a $15mil demo plant with the current cash burn and around (let’s be generaous) half that money in the bank? Remembering no royalties, or partnership agreements. Without a capital raise? If you don’t have an answer then you are seriously failing in your due diligence and need to look at your investment, as many it seems have.

Don’t get me wrong, this tech can be massive, but currently, neglect of shareholders and informing the market of intent is causing the current position. The blame for your current frustration largus in my opinion shouldn’t be with me banging on about old conversations, it should be with management not living up to expectations, and missing milestones..

I do seem to remember a report posted on here about the agm that said all of the management team said that the options would be in the money.. was that you inductor??