Ann: VALMEC MARKET UPDATE, page-3

EBITDA estimated at $5.7m that is $900,000 up on last years EBITDA. IMO any company which can increase their EBITDA in this sort of financial climate has done a good job. We cannot dissect the financials until we get the final FY20 accounts but it certainly does not add up to a gloomy future for them despite the downturn in the oil and gas sector as well. I am comfortable with this announcement. Good to see a comment that the John Holland claim is still alive and in progress.