Ann: North American Business Update , page-8

Still waiting to hear on the:
"two milestone projects (>2000 tons) in Italy and Central America ... A proposal to use Phoslock in a major North Italian lake will be finalised and submitted by the end of March 2011 while lake trials in a 1,800 hectare Central American water supply reservoir are expected to commence within the first half of 2011."

Also there is a "500 tons of Phoslock on a medium sized lake later this year." in China

These were all referred to in the 28th January announcement. Hopefully we will get good news on one or more in the next month or so.

I think we may keep our head above water FY2011 but we really need some of these larger projects to start coming through to make this stock interesting.