Ann: Company Update and Samuel EPC Settlement, page-4

You may be right, it has been frustrating, but the new management have identified the problems and instigated solutions, hopefully the worst is behind us. Not many mining companies have mine starts without problems and there are very many uranium miners on the ASX that are coming into production in 2025. Bannerman and Deep Yellow are good companies but won’t be producing for a few years yet, PEN will improve its operations, efficiency and sales book while these companies are still getting out of the ground. We are at the bottom, but the upside is promising, I’m prepared to hold for a longer term upside.