Ann: Settlement of Lake Torrens Farmin Agreement , page-2

re: Ann: Settlement of Lake Torrens Farmin Ag... At least this settlement was in favour of TAS. The $175,000 will no doubt be eroded by the legal fees. I was worried that if they lost out there may have been a substantial cost to TAS. It should fund a drill hole and that will be a move forward. Add to that the SPP should be filled as it is well below tha current SP and it does carry a free option. The falling SP is a problem for TAS but hopefully that will be short term. The prospects for EDE and Hythane look good.