broker presentation, page-28

kpool

I look forward to any comments you might be able to provide on the presentation in Amsterdam.

Looking again at your report on the Perth presentation your suggestion that CS would recommend a junk bond debt facility to fund a major acquisition caught my interest. To consider that with an 11% coupon both CS and TZ must be very confident of sales and cash flows going forward. My confidence in the whole growth scenario will rise exponentially once we see some solid development and sales agreements with major customers. Soon perhaps ... ??

H