Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-175

SB, I have contacted the Co on a number of things over the short journey and found them to be hit and miss (even contradictory at times).

I am more than happy to be proven wrong that the board (as it stands) poses a power-risk for BEZ shareholders. With respect, the basic numbers simply show you that the potential is there to be abused. Having an independent CEO appointed (ie. not another Quantum rep) would certainly alleviate this somewhat. I have not had a response on that progress to date. Maybe I have asked too many questions and have been black-listed. Either way, WE SHOULD ALL BE PUSHING FOR THIS.

Simply, I hope my concerns are not validated, that it all plays out as we hope, and you all get to say "we told you so". That way we are all making money. Certainly the recent buying by Seton, Shaw and Co gives me much greater confidence than I had last week. But the market (applying an EV of just $7m to the project itself) clearly is yet to believe.