Ann: Quarterly Activities Report and Appendix 5B, page-2

Still all excited-can hardly wait? Reading between the lines...they want to list on the AIM (remember they were dual listed on LSE but closed that down because like for BHP and others its compliance nightmare) because you can list on this exchange as a cash box with a bus plan with a min of $7.8m, then once done, they may delist in Aus-solves relisting issue that they've finally disclosed and understood. Still faced with the same headwinds-no UK based insto investor or retail broker or EU/UK/US or African Dev Bank will touch a company with a project in Sanctioned country like Eritrea or in an unproven jurisdiction like Saudi. The Saudi's seem to be attracting some small investment but from extremely large diversified listed international companies that can afford to risk a small capital investment exposure. Nothing makes sense in this quarterly, not the timing, not the strategy nor even the spend in the last quarter. The correct thing to do is to wind the company up as this is not and in my opinion will not build shareholder value. 249D them now.