Ann: Investor Update - March 2013 , page-11

Hi Cyph

That was a while ago. We had a good run initially but more recent times have been lack lustre and we are nearly back where we started. I agree that valuations based on revenue are hopeless. They remind me of the dot-com boom/bust and it has not sent me out loading up again.

However I watch the quarterly reports with interest and with the advice that April Indonesian activity was up 70+%, I am hopeful we will soon see a break even quarter. If so, I will be looking for an REA shape price chart.

Regards Westwind