Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-9

The most recent extraordinary thing to me is that the EPA assessment is an essential “must do” for this HyEnergy project - if it is to be believed - and not simply a “nice to have”. The sooner it is commenced the better. Whether the fee is $25K or $900K+, an EPA review has to occur.

It speaks volumes about the co’s own view of its chances when this spending is not given first priority over sitting on the $10.8m cash pile for other purposes (like another year of their own outsized salaries & fees for doing next to nothing). Each of these directors needs to take a good hard look at themselves, they have jailed investors in and pulled down the shutters. Are they actually progressing a green hydrogen project in the Gascoyne or are they not?