Ann: Quarterly Report December 2018 & Appendix 5B, page-8

Hello Buddy - Hope you're well.

Yes - those delays at Tiris are definitely frustrating. However, delays are a part of the mining space and I've always factored them in. They are what they are - if anyone is unhappy, they can sell out.
I'll be holding on and accumulating more as and when funds become available. The nay sayers can doubt all they want - I've. ever been more sure that Tiris will produce U in this next Bull run - and I invest long term, so have the patience to see this through.

I look at the recent grant of the mining Licence as a major mile stone for us. I also like the Off Take agreement, it's good we have potential suitors for the U. People can moan about the price etc all they want. The fact is: we're still an exploration company and can't demand top dollar yet. It's also only for 15% - so still plenty of room to make better coin when the U Bull runs hard.
I also think the Off Take will make funding discussions easier - interestingly it's come soon after the license was granted, so people are starting to realise Tiris will be a producer IMO.

It will now be interesting to see how this next 6 months plays out. However, I'm still extremely bullish on AEE. Tiris will produce IMO - AEE have a mining licence. Don't forget this fact.

Anyway, CR was inevitable, these things are never great - but a necessary evil to move forward.

We're close buddy.

Have a great day everyone.

T