Ann: Tungsten in CH-DDH012, page-64

When the permits are received thinks will change to a little more positive tone.

The 2.3 raising price was always going to be beaten down below that figure as that is what almost always happens. The delay in the permits has made it worse.

The fact is it was heavily oversubscribed by several learned buyers at a time when it is very hard for this type of small company to do this.

I very much doubt that the news that others are running a serious ruler over the company is in anyway not truthful as the consequences for management would be severe.

Lockitt