Inestor meetings, page-8

I recall at the Melbourne meeting in November last year people asking about an imminent CR back then - six months on and no CR - i guess until a company is cash flow positive there will always be calls for one.

Im not saying we wont raise cash at some stage but we dont need it necessarily at the moment.

I think if receipts increase every quarter we could become cash flow positive before year end and still have money in the bank.

If we do raise cash later it may not even be to retail investors - with potential contracts with suppliers to the US DOD and ICL a placement to US investors may be a option for instance prior to a eventual US listing.