Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-7

Hopefully that means the negotiations for binding agreements have been going for a month now.

I agree it seems like steady progression and part of it is waiting for our potential customers to get their businesses progressing as well.

Good to see they are still looking at the titanium products but most probably more important is that they are testing Dysprosium and Terbium through the metal plant.

The other thing is all the work they are doing with the zirconia and hafnia customer satisfaction.

I think this whole quarterly is what Rowena has promised. Steady progression rather than trying to do everything at the same time. The market is still developing anyway so it seems to be fitting in with ASM's progression.