Ann: Response to ASX Query , page-14

I reckon ann has to be de-coded - especially for the eyes of potential Indian targets - this way -

'the company is continuing with its strategy of seeking to become an Indian based producer of iron ore (code for 'we're serious and the money won't all go offshore'). In recent weeks the company has been able to make significant advances in reaching this goal and negotiations with potential Indian vendors (to potential vendors code for 'don't miss out - we have several options') are progressing well' (code for 'hurry up')

Fanciful?