Ann: Corporate Update, page-24

Like most of you I am a long time patient SH in LKO. I agree that the ASX works on tough legislation and rules to ensure our market is a safe and trusted environment. We might not always like it but it makes our trading reliable.

I noted that after the announcement by LKO, NPM announced they raised $814,000 that day. Given that NPM hold over 28% of LKO and related AJQ another 6% what those companies do is of interest. I guess, the $3.5 m will be easily obtained from existing major shareholders. It may result in the LKO stock may be watered down but there are lot of positives with the LKO business and story. We shouldn't dwell on the negatives but should each consider our position and whether to hold, increase or vary our exposure. What will the re-listing do to the top 20 shareholders. There is a bit on this aspect on the NPM website announcements.

I hope you all get suitably rewarded for your patience.