Ann: Funding Update, page-21

Hi rob

Yes I'm still here, just haven't had much to post about.

The update seemed very positive IMO. I particularly like the idea of diversifying from coal producing to energy supplier with IPP concept.

I agree $800k is a bit rich. I haven't looked into the details so is the $800k for the term of his contract (i.e. 2 years) or per Ann. Also is a portion of this in shares?

Anyway if it costs us $800k and we get a half decent outcome with funding approved and develop the coal project and IPP, it's better than paying $300-400k for a mediochre result.

I'm pleased with the updates and sounds like progress is being made. Hopefully wool is not being pulled over our eyes.

Continue to hold with patience.