announcment out , page-37

Play2win,

My interests are fully aligned with that of Todds, including country of residence and therefore tax outcomes down the track. As my interest is long term like theirs, and CRs have been done with integrity, I fail to see what you on on about and where lies the divergence in interest.

Of course management are looking after ordinary shareholders interests. The way the company is structured that is really the ONLY way they can look after Todds interests (except with Matariki, where they've shown exemplary form to date).

I am not holding my breathe on Caterina, but fully expect it NOT to become a saga. Maybe my expectations are low, but I'd be very happy with a 3 for 2 farmout to any quality industry player who may deem it a drillable target on those terms. But as some have pointed out they may need a better 3D survey over the prospect first.

Looking forward to a great QR, showing a heap of cash inflow, and progress on some of CUEs diverse portfolio of assets.

EL