Ann: Development Progress - Lindi Jumbo Mine, page-6411

"Lindi's flake size is second to none and the proof is in the pudding" - What fool is going to believe that? Obviously if the flake size distribution of the plant was anything to crow, ie, approaching 50 percent jumbo flakes, it would have been anno
unced and tweeted. Instead we are told that all flake sizes have been produced but two lonely bags of jumbo out of dozens produced is a recipe for failure and the market knows it.

"We have built a mine with bank funding" - no you have not. Your funding came from Gemcorp Capital which is NOT a bank. It is an investment firm set up with money connected to Rostec, a Russian weapons manufacturer. You are not paying bank interest rates on your AUD $35 million loan but rather 20 percent. That's circa $7 million interest per year.