Ann: Rights Issue - Closure Date Extension, page-9

This is like watching the longest Nigerian Lottery Scam unfold. If only we send some more money, we will win big etc. There is no huge piles of waste waiting in trucks to go to the landfill, Maddington isn’t ramping up operations as they are not licensed for putrescible waste, the stuff that’s makes methane in a landfill and in turn produces electricity via gen sets. Read their Maddington license, paper, cardboard and green waste. Almost every frontlift waste truck in Perth has putrescible material in it, in the form of food waste. If the landfill was such a sought after site, the big waste players would be lining up to sign supply agreements as they did for the incinerators. There would be no need for any capital raise then. But they are not, that tells you all you need. Sbang are not stepping in as they know nothing about the market, only what Rudas has told them. I keep telling you this, don’t say you are surprised when Rudas runs off into the sunset, again.