Ann: Acquistion of Coal Properties , page-2

Hi Guys

Looks undervalued at these levels, some tax loss selling on low volume bringing the share price down. Market Cap of only 7m is below cash backing of approx 11m dollars. The latest aquisitions also look like good value with export grade coal and both tenements being right next to power and rail infastructure.

Not to mention the already JORC compliant resource of 55mt of Export grade coal. Looking forward for to exploration drilling due to start on all projects. With all projects showing good potential with multiple seams varying in width from 1m to 7m. This should be back at cash backing in no time, GL to all holders

GB