Ann: Response to ASX Query , page-17

Hi Jovan

The way I look at it is that we have just got the update that we have been waiting weeks for. We now know that "the company has been able to make significant advances" towards the project that they want.

This is not a negative announcement in my opinion. They could finalise negotiations at any time now. It could be on Monday for all we know. The announcement simply points out that as of Friday the deal has not been agreed to but negotiations are continuing and progressing.