Ann: Corporate Update, page-2

Reading this is not exactly positive and if we are unable to secure the additional EL by the end of September , much of the blue sky disappears. Why is this a good time to appoint Ross Dinsdale as CFO and Rowan Caren gives up this role. Are they going to raise a minimum of A$20 million between them and are they well known in financial circles in Australia and beyond ? I see more performance shares on the horizon.