Ann: Managing Director Appointment and Proposed C, page-14

re: Ann: Managing Director Appointment and Pr... Last week saw consolidation of the gains from 1.1 cents however the trading patterns over the past few weeks have indicated increasing interest in CEO. With a new MD who has extensive experience in the coal industry the company is now expected to move towards the acquisition of coal assets in Mongolia. Liquidity has continued to improve here and I expect it is only a matter of time before the next breakout occurs above 1.8 cents. News Due: News on potential acquisition of coal assets in Mongolia. Price Target: A break above 1.8 cents on volume will signal a move to 2.2 cents. Disclosure: Holding CEOO