Ann: Quarterly Activity Report & Appendix 4C, page-11

IMO.........What a dismal state of affairs in todays ASX announcements ........

I hate the idea that this is all we have to show for the time and the millions of S/holders dollars that were spent by the Co.

The other thing that I noticed that stood out to me like a red flag in this announcement that has been written into other past Co announcements was the non inclusion of the usual Co statement that would say words to the effect ...

" the Co had also been continuing detailed discussions with several parties parties with a view to prospectively acquiring these operations or entering into a joint venture etc etc etc" .

Accordingly, imo with the non inclusion of this statement in this announcement imo could possibly well mean that there's currently nothing left on the table......!!! besides the $300K still left over from the last financial raising.

IMO ...on a personal note, I feel like as if I was / have been " exploited " over time with all the over promising and under delivery of set goals ....................

I think I'm starting to now understand the meaning of the term " A MORAL HAZARD ".