Ann: Issue of Convertible Note , page-5

Still here.....I have a fugly portfolio at the moment, PNX included. Another 2 weeks and I will have cleared a backlog of issues and will be back into buying PNX.

Spoke with the SA gov people at Diggers last week, they are keen to keep investment running there and there are a few players very happy with the Government and Departmental direction when it comes to working in South Australia.

PNX got belted with Leigh Creek not being what it was sold to us as....thats clear to all now, time to focus on the drilling and get us back up there again. Remember all that copper is still in train on the leach circuit so we will be ok. Happy to hold now and buy more soon.