Ann: Half Year Accounts, page-284

Morning Bas,

Are these annual losses common for prospective mining companies in the quest to reach production? My understanding & personal experience says it is common.

Is it common practice for businesses to report increased losses when in a transitional phase of their business plan, spending come to make money? My experience is that this is common.

Is it possible for a company reporting consecutive annual losses to become profitable at a point? My experience tells me it is.

Are you pointing out that we are not the Commonwealth Bank & in fact a prospective mining company in a transitional phase?

Dan.