Ann: Change of Director's Interest Notice x3, page-31

Dad,

My understanding is we are waiting to hear back from banks, which is not unusual…

Won’t know about CR until we find out how many $ bank loans us.

Sevo’s fear mongering around the leases and NT has never really been backed up with what % of project is affected etc.

Perhaps waiting for Nickel results before moving along with finance?

As for Shackleton not wanting to be the third, that’s kind of obvious isn’t it Sevo? If he didn’t want the job he’d quit…

Doubting Thomas at it again.

Dad, for what it’s worth, I believe APC remains a buy. $70M MC seems cheap. Especially when compared to shares outside of the SOP bubble.

Time will tell.