Ann: Results of General Meeting, page-7

For me the positives are as follows, and I speak as one who has invested here since Cherie Leeden led the way and was very pro graphite, there is also no point in selling now due to losses so I have to stick it out:

1) We do have enough cash now to do some significant investigation in both NT and Vic sites.

2) Vic looks like a no-brainer there is resource there. Sampling and historical mining shows that.

3) Local mines surround Vic prospect to confirm 2 above.

4) The cash we have now should preclude any necessity to do either CRs or consolidation.

I don’t have a fifth and I’m stretching 2 to 4 above. But that is all I see. We’re effectively starting from scratch again.

I would like NT to prove highly prospective but that looks significantly downstream.

Im trying to be forward thinking but this team has proved itself inept to a point of incompetence.