Ann: Trading Halt, page-82

Roland, I asked you in an email why did you not raise the cost of phase 1 and 2 on the market when the market cap was $300m and the financing and equity raising conditions were optimal even for a larger CR (60-80m) . You snubbed me saying it's impossible to find a better partner and a deal (!) than your non binding highly dilutive 35% equity stake one with Alcoa.

Now 18 months later, financing conditions substantially worsened, cost of capital more than doubled and FYI have very little progress to show, no money, no partnerships and just a faint hope that someone will chip in with some money for Phase 2.

I hope you know that resignation is your only option here mate after the series of (your) poor management decisions. Enough is enough!