Ann: 2019 AGM - Chairman's Address, page-7

Yes this is what Pat said. He did add that if AIS wants to drag this out and it goes down the full legal route that it will take a couple of years. My feeling is that AIS is looking for someone to buy them out of the Torrens project which is not that surprising given the all the issue they have currently.

I still don’t understand the lack of communication from ARE. I spoke to one of the professionals after the meeting and he was not impressed. From my perspective by not engaging with their shareholders ARE have painted themselves into a corner. Lindsay should have spent the last 6-8 months keeping us all informed, not refusing to answer emails or return calls.

Anyway here we are - Torrens is still one of the best IOCG opportunities going and the new ground looks almost as good. The SP is so low that it is hardly worth selling, but there is nothing to make anyone want to buy. The wait continues.