Have gone back over latest Quarterly Activities Report and to be...

Have gone back over latest Quarterly Activities Report and to be fair to management progress has been made. Signing CNEEC, all be it only an MOU, was very important as a vote of confidence in the credentials of the Highlands resource/project.

Note that management have not committed to timing on BFS or drill programme, but hopefully an investor presentation/update will be forthcoming soon.

POZ is well funded and has the high likely hood, IMO, of proving up a commercial JORC resource. Again I don't see CNEEC wasting time on a project they did not have confidence in.

I have invested in and sold out of other listed phosphate companies, one of the reasons being the lack of a big brother with financial muscle and contacts, to push their projects through to production.

So the SP is well off its high and that is not good, especially for holders who purchased at the top. All holder do, again IMO, stand a good chance of making a substantial return on their outlay.

And I have not mentioned the manganese projects.

Let's also not forget Souther Cross Equities have a price target of $0.40.