Ann: Razorback Project Optimisation Studies, page-6

My thoughts trying to be as balanced as possible

- They have outlined commitments for some key dates which is good to see, hope they deliver on these dates, not an excuse as to why it is late
- Seems to be teasing that there will be regular updates to the market similar to this as information comes available
- go forward project configuration is good language, it sounds like it is not a case of it they are going to mine, it is a case of when and what it will look like.
- Seems they are trying to set the "Rumour" ie the old saying goes, buy the rumour, sell the news.

The jaded part of me is asking the questions
- will management deliver on time?
- Will they deliver at all?
- Is the market going to buy this rumor?
- It is interesting to see that there was a bit of a rally end of Friday, and then first thing Monday comes an announcement..... might just be related to IO price?
- Are we going to see anything before March? if not we willl grt a couple of days of a rally and then it will be back to the decline....
- Update us on FUNDING, how many have accessed the "war room" and are we any closer to an agreement? have any offers been made?

as always DYOR. and GLTAH we might need it.