Ann: Proposed issue of Securities - MIO, page-5

once Esperance port deal is done this will trade at $1.50 in no time also with new helix dumper design there is no investment from port needed as per the last company announcement so Port deal is imminent in coming weeks as it will also part of feasibility study. Also in today’s announcement EAS working for funding which is also good news as EAS are very reputed company and has proven track record to get funding for good projects. And in current market US$350M for project like Lake Giles is no big deal as so much capital available due to government stimulus world wide. Also with Australian government’s recent budget incentives for companies spend CAPEX write off till FY22 also big push for project like Lake Giles which are ready to come online in next 2-3 years IMO.