Ann: Trading Halt, page-4

definitely some potential. i had a largish holding but had to pull the pin on most of it as the bleed was relentless. I'm circling to get back in when it eventually hits bottom... however the constant appointments, performance and salary shares and now a capital raise has made this a very tough one to pick where bottom is. The market cap is already very very low for the projects and stage they are at.... but....

there has been very little movement apart from hiring a bunch of "lads" to take charge of spin outs, but no schedule for spin out... so just burning cash hiring too early. Further, clearly the situation in PNG means that everything has been pushed back (6 months i reckon)as they can't get people in and out of country.

Also too, i looked deeper into the lime/cement market... definitely optimistic but the Alcoa/Abri spat really shone a torch into the very quiet industry. The way forward here is they need a JV with a major player to be part of a supply network as no one does single source supply with these materials.

Long winded,... sorry.

hopeful, but just waiting for the bleeding to stop before getting serious about it again.