Ann: Investor Presentation, page-3

Report for me ticks all the boxes. Company doing what it can to support the SP whilst presenting a positive outlook for earnings and a willingness to consider dividend payments on a 6 monthly basis. Obviously we will not be getting the 2 cent dividend with just 14 million in the bank. However, a 1/2 cent dividend would suffice, around 3 1/2 million dollars/and a 5% return.......this should be easily achievable going forward, giving SH's a 10 per cent annual return on a 10 cent SP. These are my calculations so please do your own to check. All in all I am a much happier investor these days. All we need now, as the report suggests, is the true value of the company be reflected in the SP......and I think the company is trying hard to improve this.