Ann: Ngualla Project Update , page-51

I asked management about foreign listing a the meeting where myself Barrabob and Rabooth attended. When was that.., around Xmas I think, seems longer ago, a lot has happened in PEK land since then?

At that point I asked about listing overseas as I thought at the time(mistakedly)it may be a good idea.
I was told by management on that occasion that overseas listing were not something they were partial to. They were cumbersome and expensive to initiate and administer. I think I felt a bit silly for asking the question because I had thought it may have been a good idea so i changed the topic to another of the fifty or so questions I had! Lol!

So listing overseas is far from a foregone conclusion. I think it unlikely infact. I think now as then PEK management wanted some presence(not listing) overseas because they knew they were onto a world class asset and, well Australia for example has not electronics industry, we are not going to find an end user here. This is and was their ideal as it is ours, an end user cornerstone.

Its sales guys and sometimes its hard to sell great assets at good prices especially in niche markets. Ive tried to auction or sell great houses before at fair prices and had no takers. And who as a young bloke did not go to a party or a pub feeling good and looking, well as good as possible but ended up going home alone. Again! Lol!

There is not always a buyer as soon as you click your fingers.

Management are trying and I believe trying hard. Promotion may not be their strongest point, defining and expanding the asset certainly is and we are about to resume that.

Everything hinges now an this ben/met work. If we dont have a big player on board within 6 weeks of these results coming out I will eat my hat.

Tretch