Ann: Quarterly Activities Report, page-6

Valid reasoning has been given regarding the current extreme TC pricing and why it will be reducing going forward. To suggest that it is not realistic for the price to come down less than it has gone up in the past year is a stretch. Tomorrow there is an opportunity to confront the directors regarding this if anybody is concerned.

It has also been indicated that there is no need for a cap raise, not sure why this keeps getting mentioned?

A bit of fear mongering i presume.

$16m+ receipts per month, $34m cash, $40m loan facility.

Spending money to make money. Ramp up seems costly now but will pay dividends in the future.

I think the report is positive overall. Let's see what the market thinks in the morning. Good luck.