Ann: Notice of Annual General Meeting/Proxy Form, page-19

Pretty simple why I didn’t get involved in the last raise, I’ve lost confidence in management as they haven’t provided enough evidence of any significant changes that would boost the share price. I am not investing any more until I see proof of success. I have decided to invest my money in other ventures which have done really well in the last 6 months. Some real physical metals which have provided nice returns. So I am happy with my decision not to get involved in the last raise. If management lift their game and we start seeing some material improvements then I will get involved in future raises. Until then I am happy to remain patient and see what unfolds. No point selling and taking an 80% plus loss. Especially when there is still 7 months before tax write off time.