egm

Vic gave a detailed update of past problems and current state of play.
Bulk trials are happening now for a large Oz user and several overseas users.
Expect more announcements soon.
More share issues.
Share consolidation will happen when conditions are right.
Mortar repair market has potential.
Fire resistant features have potential.
Technical benefits of kaocem were spoken of.
They said kaocem is cost competitive.
They gave a dollar value of first sale, but didn't want to give tonnage due to commercial confidentiality.
A comment was made by one director 'Koacem sales will make this company'.

Bottom line, announcements over the next few months.