Ann: 2013 AGM - Chairman's Address and Presen, page-3

re: Ann: 2013 AGM - Chairman's Address an... hey MG,

the divy is weighted on the end of the FY as management have mentioned. So say they pay 3 x 1cent and then maybe...... between 6-8cents final divy & 9-11 cents total. At 85c SP they are a good buy but the Mining Service Sector is getting hammered ATM. Look at FGE for an example. The great thing about WDS is that it is heavily involved in the gas sector and however many people see/put them under mining services. So they see the current risk and are not prepared to buy even at a "discount". At the end of the day results and divy cannot be ignored and the SP will follow suit.

the commentary was very very bullish. even after saying they will lift it to 80% they mention that they still may go further.... i nearly fell off my chair reading that and i think that 10m-12m figure for FY14 is conservative and we will get a nice surprise.

300m still out on tender………. plenty of upside on top of already good news!

P