attended agm, page-19

Hi Tewks,

I'll vouch for you, you looked much younger than me!!

I was wondering what the effect on Mutliserve would be in the downturn. Will they be distracted by revamping their business or would the obvious cost recovery and efficiency improvement from an EARS/DRI plant in a Steel works be more compelling because of the increased pressure on profits. Either way it seems the EARS technology will definatley take it's place in the Steel business. Mike has got the time available to get the Newcastle plant going as a commercial plant and show it off to all and sundry plus make us money. The Return On Investment in less than 12 months is a great enticement to profit hungry steel works execs me thinks.

Cheers

Seik