Ann: Suspension from Quotation, page-8

Hi Sirrobbo,

the project was meant to be sold to GMA garnet, they were completing this DD and had until the 10th of August.

A few things will impact the sale, the main one being the ship being washed ashore and the fuel tanks rupturing causing the environmental impact MRC announced. This will impact part of the beach mining and the water inlet issue.

We will hear more on both of these issues in the near future along with the total amount of the coast that has been impacted.

Until it becomes clearer on the vessels removal at the pact on water supply the company will remain suspended. MRC has advised this could be several months.