Ann: Chair's Address to Shareholders, page-5

Do agree with the unfolding story theory, something is on the boil. Very little news of late, no Q3 update and silence pre & post AGM,, not quite normal! usually some news to keep the peasants from revolting!
Jon Annand seems to be a very good operator with a good team behind him and seems very confident and positive about the future direction of the company.
But don't all CEO's and we've had many.
You would think acquisitions are out of the question and a take over is years away and dependent on a positive outcome of the terra dura studies.
Is a merger a possibility?...... We do have 52 million
of tax losses equating to 3.77 share price to entice
the right suiter? The future is exciting but a better share price now would really give us a bit more confidence.
could go on for ever but for another day. P