Ann: Response to ASX Query Letter, page-39

Finally had a chance to read and absorb the extensive reply. Although it adds a lot of colour I don't think that it removes sufficient doubt to allow IGE to trade again on an informed basis and as such hope they remain in suspension until funding is in place.

At this stage management maintain that funding will come from both Tangier and SGC, later followed by ops funding from Rabobank. They bring the dept of homeland security into the fray....

In my view they have nothing to gain from lies at this stage. While I maintain a healthy level of doubt I actually think that they will get the funding. What this obviously means is that they will in turn complete the construction and commissioning of the Amsterdam facility and begin on the USA facility. e.g what we invested in them for.

I actually hope that we as shareholders do not need to make a decision if to hold or fold prior to funding receipt, rather follow the money