company update, page-40

Dott you are a skeptic - of course Moolap profits are irrelevant at this stage when they optimise the process and even if they need to take further interruptions to test and implement SPL, it is all worthwhile. Full production profits can be estimated internally without actually delivering it for a while. There is advantage in spending money on expansion rather than delivering profits and paying tax.

Unfortunately, some of our opinions are worth very little and it is good to avoid making statements what the directors should do next e.g. deliver profits at Moolap, provide timely updates, sell assets - they should know best.

Funding does not depend on past profitability but on the viability and profits of the proposed venture.