Ann: Appendix 5B - Query & Response , page-35

Kosenar,

Your analysis may be spot on about governance, remuneration and performance but what we require MOST OF ALL at this time is assured funding. Without it, the Newcastle IRC plant project won't be completed, tested and proven in the next quarter.

This will require additional funding. The price of the stock is falling.

Unlike Foulthrow I can't see how the issue price of any new shares will be above the market price. So unless MT can pull a rabbit out of the hat, it seems additional shares will need to be issued at 2 cents or below if current trends continue.

I don't think this is in anyone's interests. However, with no news and more sellers exiting, professional investors may get further shares at a song. Of course without them the whole project will come to a grinding halt.

I don't know whether to be sad or glad at the cheap shares being issued or just plain disappointed that the whole affair has become so tortuous and we will have to endure yet another capital raising at a bargain barrel price.

Come on Mr T. Where's that rabbit Foulthrow is talking about?