Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-18

When you read over some of the highlights in the quarterly:

Highlights

• Direct Shipping Ore (“DSO”) Project Targets: site mobilisation expected in May/ June, mining Q3, first shipment Q4

• Significant investment from Sichuan Hebang Technology

• Experienced mining executive Sean Buxton re-engaged to lead operations

• Revised Mining Management Plan accepted with minor changes; currently undergoing final review by Northern Territory regulators.

• Termination of Aleees License and Technology Transfer Agreement and Subscription Agreement

• Completion of regional Aeromagnetic Survey at Jundee South

... you would think these would be sufficient reasons for the Market to start buying in earnest. After all, the inference here is that commencement of mining operations has Govt. backing and is going to be happening in the very short future!

And yet the selling continues, the buying is practically non-existent. This, ladies and gentlemen, SPEAKS VOLUMES ABOUT THE MARKETS BELIEF IN BRETT CLARK AND THE UNCERTAINTY SURROUNDING THE COMMITMENT/INTENTIONS OF HEBANG! IT ALSO SPEAKS TO THE COMPLETE LACK OF FACTS AND FIGURES AROUND THIS PROJECT!

IMO, if this were another company with similar highlights the Market would be climbing over itself to buy at this s*** price and the SP would rise accordingly - hey, look at us we're about to go mining and sell our resource and make money!

AEV/Hebang need to stop telling us what they intend to do and start showing/delivering NOW!

All IMO.