Ann: Annual Report to shareholders, page-173

You’ve made the statement once again Nameslittle that warehouses need to be cleared but can’t justify your now rediculous 2000 tonnes currently stored. The presentation you continue to reference was released at the beginning of September. That’s 5 weeks ago and we know from the bulk order announcement the entire month of September averaged 50 tonne per day. Taking into account Octobers production that’s 1750 tonnes you claim has gone into storage where the presentation clearly states additional customers lined up in Europe and the USA. Why are they waiting when you say there is ample graphite concentrates available. Why also are attractive prices being received. This doesn’t fit with you excess product unsold and available theory. Naturally warehouses need to be cleared as ramp up takes place with Lindi Jumbi now in full swing.