zero buying from big presentation, page-10

Hi Zachary,

Well, I actually watched the presentation in its entirety.

The first thing that I noticed is that H.R. is not the best speaker that I have heard,and his diction needs a little work.

However, quite apart from those points one cannot help but be impressed by what he had to say. My only worry or concern is the companys standing from a financial point of view. All of the current work being done on the ground is costing heaps and one wonders if the shortage of funds will turn out to be a major problem. It is OK to say that he has a big backer in the way of Mr Maloney but as time progresses he is going to want to see a little more progress than what has been achieved to date. Additionally I dont think Mr Maloney will be agreeable to accept scrip in payment of his loan to Q M C, in lieu of cash if his confidence in the project runs out.

Maybe, just maybe many of us have been a little harsh in our judgment of H.R. Never having met the gentleman. from what I gather he is of quite a conservative nature and is reluctant to share information with the ever growing number of discontented shareholders, which in my view is quite a big negative.and in need of a change.

Anyway I believe he is a Sydney Swans supporter so he cant be all that bad LOL