Ann: Response to ASX Price and Volume Query , page-33

Glad I took the opportunity to top up and average down my holdings in this one. Although not happy with the way the company has treated its shareholders with the lack of updated announcements about permitting delays for Peelwood this one was always going to come back the closer it gets to final permitting approval which should happen soon. The only perplexing thing is how much are they going to have to fund Montenegro for and where are the funds for Peelwood development coming from.Last quaterly cashflow stated they had approx $1.5m million in cash. Not much to buy a project and develop another one I would say.