Ann: Off-Take Agreement, page-68

Most long termers like myself would be very happy with 10c having averaged down over the years. I got 1 mil @ .007 in the process and am at mid 2s currently. I converted options before the last RI to get more in the offering. I hope the large top 10 shareholders convert in order to get a larger share of the pie and support the company. If they do, it will stave off the need for CR in the short term. Things always move slowly with AUQ. I think the ML in Oman by mid-year and hopefully Saudi will be sorted in our favour with the $3 mil odd returned and a ML issued to Bayan-AUQ by Sept. I remain the eternal optimist and still hold the faith. But I am not giving them any more money in any future capital raising unless these two things happen.