Ann: Response to ASX Query, page-7

It's just common courtesy to update share holders when there are delays . Experience tells me that nothing positive comes from it .I was told early on that in the mining game no news is bad news . And I have to say in my 20 years of trading it is correct 9 times out of 10 . My guess here is the expected results were not encouraging so they have decided to wait until another batch of hopefully more promising results come out of the lab so they can bundle them together and perhaps throw them in the quarterly . It is only my opinion but I have seen it many times before .The nature of the spec mining game unfortunately and the characters that run it. In the future I'd prefer they say nothing than fail to meet time lines and not update the market .