Ann: Appendix 4E & Annual Report, page-10

I try hard to have a different mindset Jock … somewhat more positive ….. only because it’s better for my general well being. This is important because it has been such a long journey. Call me naive but I have to be the eternal optimist.

Don’t get me wrong I know this is a very risky investment, but I also know the potential of this investment, and that what has been achieved thus far is astonishingly impressive. This stuff is really really difficult.

This waiting is definitely frustrating….. lost investment opportunities elsewhere etc.., etc.., and as time has dragged on so has the technical requirements required to be ‘commercially viable’ has become more advanced. This is certainly a very difficult industry to have a big technological impact on.

I agree there could well be a PL7 etc.., but the future is not here yet ……there is no point worrying about the future until it gets here ……..…….and that’s if it gets here, if you get my meaning.