Ann: Wickepin Kaolin Project Ore Reserve More then Doubles, page-36

Instant gratification? How long have you been a shareholder? For those of us that invested in the IPO, based on information in the prospectus, we have every right to be concerned about the short comings of the business to date.

More than once I have commented that at IPO stage we were told 90% of production was committed to off take agreements only to be told now clients want finer grades of product then we are producing. How is that? A pilot plant had been running at Kwinana so clients would have known what we were capable of producing. Why are we now hearing that what we're producing is not suitable and that we need further r & d to satisfy their needs?

We were told we would be at name plate production by now and yet we are no where close to this.

Reading through previous posts I don't believe those leaving comments have expected an overnight success story. However, as the owners have supposedly invested $42m in to WAK and spent years perfecting the K99 process, it's reasonable to expect that by the IPO, the company was in ready to build what was needed to satisfy prospective clients needs. This does not seem to be the case.

Will WAK be a long term success? I do hope so and want it to go well. However, management need to start recognising that this is not a family company any longer. They have a responsibility to ALL share holders. They need to communicate more often with shareholders about why there are continued delays in production and sales.

Much of what I've commented on rests on the shoulders of the CEO and from what I've seen, I believe we need stronger leadership skills at the helm.