Ann: Response to ASX Price Query, page-12

They are cutting costs right down now, though there should have been fat trimmed years ago.

Better late than never, I suppose.


Our partners (CNE and Daelim) have both been very supportive…. Agree with the sentiment about the company’s state, which is why it wouldn’t make sense for them to call on the debt as they’d likely get nothing.

Continued support will likely be the best outcome for all parties.

Justyn’s relationship with both parties is crucial in getting back in track.

The mechanism they opt for, in raising funds in the short/medium term, is very important at the current SP.



Cheyne