Ann: Notification regarding unquoted securities - CLE, page-4

I appreciate your comments. My holding is very small in the scheme of things. I was prepared for a bigger stake but backed away. I brought in on the iron ore deal. Considered that the invested shares that they have could carried them to a point where they could do something. Since they have stated that all that they are going to do is kick a few rocks around to make the project juicy to sell off , they lost me. The common rail service has a maximum capacity of 18Mtpa. This means that they will need a drying process to ship all year round. Even then I doubt if they could get more than 6Mtpa allocation on the rail. Thus any production exercise will need a purpose built railway which would need at least 150Mtpa production to justify.