Ann: Appendix 3B, page-13

OZBLUE,
You are wrong. I am not expecting another cap raising. The agreement for the bank loan has been signed . On the signing it ,it became a legal binding document. Sure CuDeco does not have any of the money as yet simply because CuDeco has not drawn down any part of the loan. Wayne McCrae will only use the loan funds if needed. You may have doubts because the loan money is not in CuDeco's bank account. With a draw down facility, you only get the money when you ask for it.
I note that you think direct shipping ore sales are going to occur. I agree with you . When and in what quantities on a regular basis is yet to be announced. They are what we look forward to.
You speak of angry shareholders. I have not come across any and I am in correspondence with quite a few long term shareholders who are all appreciative of the progress CuDeco has made.
At the recent Diggers and Dealers ,it was said what I have been saying for over two years that the mining industry is in the doldrums. These downturns are cyclical and will turn but when? If we only knew like when CuDeco sells its first ore.