Ann: Appendix 4C - quarterly, page-8

I'm quite happy to see any surplus cash from this business reinvested into growing the business further, rather than paying dividends, provided the market is there to consume our excellent product. I think we are only starting to see the potential for growth from consumption by the world's premium restaurants. There will need to be a fair bit of cash required to establish the facilities at Fitzgerald Bay, and then keep on growing the biomass, and then possibly establish another site on the opposite side of Spencer Gulf near Wallaroo. And there's always the hope that we might restart the research into Southern Blue Fin Tuna - do we still have the broodstock from the previous breeding trials?