Ann: Letters of Intent, page-8

When 1+1 doesn’t = 2. Lack of ability to finance a product into development with initial interest double output and massive profit metrics. The pipeline was always a pipe dream, with millions wasted on it. Yet increasing rail capacity is more than achievable with a relatively fast payback period.

I think the more interesting thing at the moment it what’s not been said. Tanking share price, funds raised into regal when most of shareholders are retail and would have subscribed, and a finance deal which essentially dropped millions. Not one to point the finger at management but this project will get off the ground, the question is who will be one to do it. Interesting times as well with the goverment forecast on Iron changing with future demand defying previous forecasts.

opinion not advice.