Ann: Application for Quotation of Securities, page-8

Hi Croc,

I am not that concerned by the sell side or the lack of uptake from investors.

If the company requires the additional funds they have the option to place the shortfall, I would much prefer they complete these other items from the company's free cash flow.

You should get on the satellite images, it appears the 400k tonne stockpile is being worked through. Very positive if my assessment is correct.