Ann: Lindi Jumbo Project Update, page-326

Hi Gammat,

As a holder, I will provide a constructive answer. What about C or D?

C) The off take discussions have stalled due to non alignment with WKT managements parameters.

D) The off take discussions are on hold until such time as finance drawdown has occurred. Pending drawdown, discussions will recommence.

D is far more likely than A, B or C ! Ultimately, whilst it is encouraging that construction continues for the time being, no off take partner will conclude an agreement until such time as there is financial surety that the plant will be completed. IMO.

Red Adair….more flapping of the gums. I am an eyes wide open, non emotional holder. It’s not just the non holders seeing flaws.

Croc - I noticed in two recent posts you trying to distance yourself from important timelines. The first was the off take, the second is the 2nd SLBC timeframe. Both to date have failed as you know, although each still have opportunity to be concluded. However, you have been trumping the off takes over the past few months and also finance drawdown being an absolute formality. Your subtle, between the lines suggestions, that neither timelines now matter is baffling and against all previous commentary you have offered. I do agree with you though - August 4 will come and go….and the suspension will be ongoing. Funds are required, urgently. The pending quarterly will clearly show that.

Transformational year - importantly, we all hope so. Non biased and balanced views just as relevant.