No Directors Report, page-9

As a minimum the Company will not be relisting till December after the AGM, as the Annual Financial Report according to the notes “will be laid before the meeting”. LOL, what does that mean – on the day maybe? Plenty of time for shareholder due diligence, what are they hiding – debt, salaries, progress, auditors comments etc?

Either way the Company cannot be relisted until they meet their statutory requirement by lodging the full Annual Report to the ASX, ASIC and shareholders.

Any proposed capital raising/convertible notes will be nullified or heavily conditioned due to the forfeiture actions on the tenements, what type of investor would pass on their hard earned whilst title on the assets is questionable?

If this management cannot steer SHIP to production at a +$150t iron ore price, then what chance do they have at $76t?

I hope that the AGM goes ahead on schedule and will be most interested to see if the MD fronts the shareholders for the first time in three years to explain the Boards business practices.

The upside if there is one, no more depreciating 3B’s for now.

Best of luck again