Ann: Parkway Corporate Presentation, page-11

G'day @Mer,

It could be seen that way. iBC is the main game and they just have to land the QGC deal.

As for the Options, I am struggling to work out the catalyst and personally don't think it will be happening. I don't think they need the cash, they would be getting very close to cash flow neutral.

I will review the preso again and then arrange to have a chat to Bahay after his presentation on Thursday.

I have a busy Thursday and Friday, so it might be early next week depending on Bahay's availability. I would love to catch him face to face in Sunshine the next time I chat to him.

It's doesn't change my view of PWN. There is a huge need for their tech, they will land the big project and then my biggest fear is that Veolia comes in with a 5-10 cents takeover offer, undervaluing PWN by multiples. Let's wait and see but I am here for the long term. I could see a crazy share price in 5-10 years time and if I was guaranteed that they were going to succeed, I'd be happy to wait because i could retire at 60. Bahay is really young and with his shareholding, multiples of 10 cents makes him a multi-multi millionaire. His fate is aligned to mine. That works for me.

Mr M.