Ann: Quarterly Activities Report, page-20

On first read through I actually think the announcement was riddled with these types of comments:

"Don't blame us if the DFS runs into 2015 - its not our fault"

It may just be me but it seemed like they have a lot of legwork left to do on the testing front. They have completed 3 of 5 stages, but the last 2 stages are arguably the most time consuming (and important) ones...

I would prefer them come out with a specific timeline of progress rather than general sweeping statements of 'DFS to be completed in 2014' with added clauses such as 'however this is subject to delays completely out of TNGs control....'

We have only 5months left of 2014, I would've liked a bit more of a breakdown on the remaining programme for this year given all the news recently.

I get the feeling we'll just be provided with the news 'DFS expected 2014' all the way up until December 2014 when we receive our DFS or an announcement saying 'DFS delayed until Q1 2015'.

The ann was largely just a copy/paste job for mine.

The interest in the graphite is the major takeaway for me.