Ann: Pre-Commercial Demonstration progress, page-6

These statement seems to contradict themselves? Please do correct me if I'm wrong

The key indicators of gasifier development, being injected air flow rates, increasing temperature in the gasifier and decreasing oxygen levels in the outlet gas, are continuing.
Whilst the gasifier has not yet advancedbeyond the initial gas flow stage, the Company and its advisors are pleased with the following progress:
• Increased gasifier pressure and temperature

This information is clearly market sensitive and I fear the lack of technical information in the announcement has some undesirable underlying meaning especially considering what we have been told is the gasifer has not not advanced beyond the initial gas flow.

The SP has dropped 20% since the 5th when the suspension was filed and its no doubt Shearwood had someone on the ground observing that the project was not progressing beyond the initial flows. We finally have a more plausible motive than spite...

GLTAH