Ann: Smelter Arrival Update, page-18

It still seems that there is someone/institution profit taking at 1c-1.1c and re-accumulating at same price.

Until they have hit there accumulation target the share price will stay around this mark. Its been going on for some time now.

Once commissioning has been successfully completed I think this is when we may see a decent re rate. This is obviously only if the commissioning process goes to plan.

In terms of funding there is $7million which can be used during the construction phase coming from PT Jayatama. With these guys now backing the project, initial funding won't be an issue.

There is also another $5 million of backup funding there that can be used from Acuity capital.

This should easily see us through until production.

There is also the possibility of gaining approval for DSO sales which would also add cashflow.

Progress looking good for now.