Ann: Response to ASX Appendix 4C Query, page-2

Been waiting for this. There was no way the ASX was going to let that last QTRly go unnoticed.

Honestly, I'm not sure how to take this. It could be taken very positively, as there is significant mention of revenue streams in the short/medium term. However, the obvious counter is what, where and how is the stated capital going to come in, when the last CR failed.

IMO, even if more shares are issued at say .5-7c, I don't think we will see any decline in the SP, as we DO have the Brazilian contract, and TV2 is again suggesting the PNG contract is momentary.

This could be the first stepping stone to the next run. However, it may take a while before we see the next stones laid.