Ann: Company Presentation - ADU Singapore , page-15

Hi wildy

How do you know burston spoke too brokers in Adelaide last week.

Second. Burston if in fact did speak too brokers last week he wouldn't say anything else but that he was happy with progress.

So this isn't really cracking news. I have heard many a time a director saying they were happy but in the end things were going backwards. I don't think this is the case with kogi tho.

This project although very exciting regarding its intrinsic value but we are no where near getting a re rating. Further de risking is required and we need a better environment raising cash.

Kogi doesn't need too raise cash just yet but will do if the project advances too production. That's if it's not sold off before hand.

But until banks start throwing their cash around again it has too be a great company to get backing by investors.

However I do believe kogi is a great long term play