Ann: Appendix 2A, page-2

Goodness me. What does that bring the AUZ ‘raising to maintain operations’ total issuing of new shares of the last few years to?

290,000,000~ today.
45,000,000~ a couple months ago.
180,000,000~ a couple months before that.

That’s 515,000,000~ diluting shares in less than 6 months!
Around 15% straight dilution of shareholder’s wealth but when we also factor in the discounts attached it becomes more like 20% & slightly more.

The BOD must really hope that such dilution- easily viewed as being primarily only for the sake of keeping the ship afloat - doesn’t make shareholders feel like they’re being taken advantage of when the company could spin out their NSW and/or SA tenements which are very much too far from Sconi.

Sconi. The one tenement I think this company should focus on, lest they scare away potential partners who still have BB’s ‘there will be two mines’ statement at the London presentation ringing in their ears.