Ann: Response to ASX Query, page-8

Absolutley Barboris. The arbitration, that Cougar is confident of winning, should be over within the next two weeks. With the expected ruling in CGM's favour, I doubt if you could pick up any shares at this bottom line entry point. Cougar was trading above 1c when this DNI driven debacle first started nearly two years ago. IMO we could see those SP levels reached again in the not too distant future. Cheers, E.