email to the american community, page-21

Fair enough points above guys against contacting the council and making complaints. Yet for my money I love certainty. Yet I should not be touting to others to do the same due diligence as it MAY annoy off the council and Management.

I am certain of a council approval yet wish them to hurry the process up. SO investors can regain confidence in the way forward. As naturally as a holder and bullish going forward I have felt the sell off unneccessary. A small delay has us 40% down from a month ago... which is painful.

ST pain is primarily due to the pain in the butt council- where would we be if council approved 1.5... who knows as Alcoa deal is speculated by many as forthcoming after commissioning of Plant 1. Yet Ben states Alcoa could care less, so I have been hoping for a HUGE upside Alcoa partnership ANN. Yet like many doubted until Ben in US on 2nd Jan to work out details with Execs. So quiet appears to have set in before a huge upside ANN potential in Jan and Feb 2011. Which is a pity, as I thought Nov\Dec would be the dates.

Can the council approve before New Years? Knowing council processes NO yet would be a nice 30-50c ST raise when occurs IMO, an nice XMAS present. Prefer Dec than Jan naturally... For my money approval given in Jan and that means the process took 4-5 months. Ideally Management should have sort approval long before this date... it was niave to report in the Sep presentation that council approval expected in Oct when they only just submitted the application.

Personally my minor house extension took 3-4 months and I hassled the hell out of the council officer daily... then proceeded before approval given anyway. I am not saying they should lay down the pipes- to my knowledge they have all contractors arranged immediately upon approval to lay down the piping. Yet the small delay is painful when punished so severly by investors.

Anyone involved in getting any sort of council approval will know to plan on them taking double the time that they tell you. If they say 6 weeks, 12 weeks + is more likely. I would hate to deal with them continuously as apart of my day job... as I never believe in government systems that have no real incentives for employees. Except low pay and slow paced environment.

If making a query in a professional manner on the status of the approval then I see no issues... yet I get the point of many dozens may not be welcome by the council and MHM Management.

As I stated I love certainty especially outside the general public knowledge and hunt for it as much as time will allow. I have found this to be the only way to outperform the market to me- digging for information that others do not. Making forward earnings estimates based on the information found.

For my money- the council approval is coming soon. I do not think our input will make them speed up. Yet I do like to hear that the approval process is advancing and a decision will be forthcoming soon. Just for my own knowledge and to make me feel more secure.

For Directors to state they are unconcerned by the delay from the council is untrue... as we are 40% down from Highs and their personal Net Wealth has decreased greatly since the highs. Although they are a lot wealthy this year compared to last...Even a 50K buy from Rogers at 1.1 did very little and is long forgotten now.

Fact wise we are making revenues near fair value to SP... this underpins the current SP. IMO. Those touting 60-80c do not calculate on earnings made NOW... if we did not have half mil profit pm now then the SP would free fall on delays.

IMO the free fall has happened, and under $1 was a large shock due to a minor delay. As many of us tried very hard to be included in the $1 12,000,000 share raising.

Sentiment will change again with council approval, Alcoa deal update, SSC update, Plant 1 income upside, other ALU interest, etc, etc. Most of us expect good upside in Jan\feb, yet wish it was Dec. Starting with council approval- letting Ben leave Aussie on a great note.

Having a base of 8.6M pa does greatly secure any downside risk, whilst allowing for the huge upside.

My frustration has been in the delay... knowing it was the catalyst for Alcoa deal and OS expansion. IMO. Yet put into perspective investors have punished too greatly IMO, as the market tends to do. Leaving a real opportunity for those who did not join in on the upswing the first time around.

Simply put council approval and approaching completion- then speculation over Alcoa deal looming and upside to 8.6 M pa will drive the SP right up IMO.

I simply wanted this to happen in Dec, not jan\Feb... such is life...

Cheers JAY