Ann: Management Update, page-13

I spoke with Hamish a couple of months ago and asked him what is happening and if they are actively looking for a partner to mine the iron ore.
He said that they where looking and had some interest but he said we want to lock in a price and that off takers where hesitant to do so.
I did tell him that as share holder I would like to see it developed since the iron ore price is high enough to get some good returns for the company which are more then needed at present.
Again Hamish said that they needed an off-taker who would be prepared to lock in a price to take the risk away from the company.
I understand that they do not want to take the risk but in the meantime we need funds and could bring these resources into production within a few months.

jojo