Ann: Response to ASX Query Letter, page-121

All below is hypothetical it is not fact it is not an accusation and anything else including the complete opposite is possible---------------------------------------

it's interesting to think about, I'll use rough numbers from my memory as the exact aren't required for my point, Dickson piled about 1.5-1.8(?)mil into options, and started selling them pretty much immediately on market once converted all the way up to the suspension, but was left with over a million still in (at his conversion price) Could the intent be to be paid back out as wages to him? He garners a handsome income of approx 400k per year from IGE. That being said, if the funding is not received from 'tangier' or SGC and the ASX keeps the stock in suspension meaning he can't sell those remaining shares,he would seem to have to keep the company from going into liquidation for about what? 3 years? To get his money back as wages All just theorising. No accusation. Just hypothetical.

If it were true, you'd think what ever has to happen to get this trading again would currently be working on with some dedication.