Chairman Interview, page-48

Good afternoon, Cheyene. Thank you, I am well, still vertical, exercising and cycling hard. Life is very comfortable at the moment, as I hope yours is too.

I have lots misgivings about options and this stock reaching 50 cents by Oct 2024. At this stage lets discuss timing. I think the options nemesis is time.

This project, for a number of reasons, not all self made, does not have a good record of meeting targets in terms of time.

Lets look at these options.

Released in Oct 2021
Expiry date, Oct 2024

When released, the FID (12 Nov Ann.) was to be Mid Oct 2022.

The FID (22 Jul Ann.) is to be End Jan 2023.

So, in less than one year the project, in terms of the FID (a most important milestone) has slipped 3.5 months.

This and any further slippages (and I believe that there will be) in the progress of the project do not bode well for the options.

I am not an expert in options, perhaps the exercise date can be extended, I don't know. Perhaps someone can give a definitive answer.

If I held a bucket load of options, I would be jumping up and down every time the project timing slipped. There is only two years and one month to go, to at least double the share price. Then you can start counting your money.

That's my opinion on this particular aspect of these options. What say ye all? J L.