Ann: Corporate Presentation, page-15

Fab, Im glad you like the Pre - Construction part.

Here's my take on that.
A few years ago we went out and bought a Greenvale property to house the crew, that was a very premature, anticipatory purchase.
I feel that it was an expensive and unnecessary purchase akin to gambling. IMO, my reason is that there is absolutely no guarantee of Sconi being developed in the short term.
It also drained the cashflow coffer and continues to do so resulting in dilution.

Now to Pre Construction, Without any guarantee of Sconi being developed.
The board have done something like this before (As Above) and I question the motive and reasoning.
The day they announce finance is the day I will say GO FOR IT, not before.
The deal is only done when its unconditional and fully committed.

If they proceed with this and the finance does not materialize, we will be looking at substantially more dilution and liquidity, that could be the difference between a company with mandate and liquidity or losing control to the wolves.
The horse belongs infront of the cart, not behind.
RED