Ann: Notice of Status of Defeating Conditions, page-21

Agree Salt. That is what I was inferring to in regard to Shannon.

Meo (and if Kea is still around) needs to find someone to stump the funds for Shanon. There is also the issue of Meo dealing with KEA (who I guess won't be folding any time soon - still suspended - albeit even if Kea did fold it would be questionable whether Meo has the funds to aquire Kea's share in that prospect in any event). Notwithstanding what costs are involved in the event Puka was brought back into production.

Shannon appears to be a good prospect - just hope Meo has a strategy 1 (i.e with Kea) and strategy 2 (in the event Kea goes under) around finding another player for funding the drilling. Agree Shannon will only be developed with 3rd party funding.