Ann: Shareholder Update, page-15

No. That was the original plan. But now the Indians want the company to demonstrate Coldry here in oz before proceeding with the Indian plant. The story has changed. The agreement that was supposed to be signed last October will not be signed until the Indians are satisfied until the company can demonstrate Coldry's commercial viability here in Australia. I actually believe, and said so some weeks ago, that the company should have focussed on commercialising the BM plant rather than chasing big dreams in India and, before that, Vietnam, China etc.