Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-59

And to be fair, AKP working with EM could be a blessing in disguise - I am sure the larger fabs are very well versed in maximising their own profit, while EM clearly has a mountain to climb to demonstrate itself to the world and build its own image of credibility. EM makes for a more even partnership with both sides facing immense pressure to deliver.

Certainly at the AGM there were many positive things said about the effort that EM has put into the project, and there is very little the naysayers can point to except for the general delays. At this stage there is no reason to doubt what we have been told, which is the team at EM has moved mountains to prepare for commercial production of the AKP product.