Ann: Change of Director's Interest Notices x 4, page-12

While from my posts you can tell I'm positive about the outcome of FYI but I'm also realistic so I want to see some movement on the JV docs and demo plant FID by the end of January. All current signs (job posting, language in Resources and Energy Major Project Report) are positive but until there is a signed agreement the SP will linger and the interim risks will remain. IMO all should be sorted in the next two weeks otherwise I'll re-evaluate. I do think the current near-term reward vs risk is very positive but only time will tell if I'm right.