Ann: Change of Director's Interest Notice - Puzey, page-5

Based on the comm to date. Gingin is fully funded without further CR required, refer to Right issue in August. There is also a loan facility for it at 14% interest. To be honest if BOD ask further funding from equity and more dilution then they will get strikes out. Largest shareholder's rep is a director of M8S.

Based on your comment of 50ktp break even, you do not know much about M8S and Gingin in particular. Gingin is not your typical landfill, it is focused on converting bio matter into gas for future electricity generation.