Ann: June 2024 Quarterly presentation, page-3

36% return on investment at todays price.

now has as much cash as market cap.

while the forecast ebitda for 25 is much lower much of it is due to investment in the mines for future earnings- much like CRN did last year. Also a unforeseen issue with rail tunnel reducing access to market which should be short term.

still getting a great return on investment at this price.

big issues are the court case which we have already won previously so hopefully will go our way again and the problem of a business partner communications.

management need to provide some comment on this issue as staying silent on whatever the stalemate with our business partner is is creating uncertainty and downward pressure on the share price.