ann. out, page-3

Sankhara,

Hello - hope you are well. I have been reviewing FWL for quite some time now and believe that this company is severely undervalued. That said, after speaking to Brett Manning recently, I have come to realise two things;

1. Market response to FWL isnt great. They just dont care
2. We will be taken out once the Engineering studies and BFS are approved.

The BFS wont come until next year, hence any announcement until then won't make FWL run. Hence I have been accummulating anything below 30c. But like you or I, I have limited funds. Its very frustrating watching the market sentiment go to stocks like CFR or NSL, but not to FWL that have a tangible plan.

Cheers