Ann: Notice of Annual General Meeting/Proxy Form, page-12

IMO - until proven otherwise, Otago and Lochinvar are just excuses to remain an ‘active’ listed company.

NAE is just a company contributing $$, as are the rest of the companies operating out of the same floor in Collins street. It’s good if you can get it.

There’s no hurry when there’s little at stake. Most of the CR participants over the last couple of years wouldn’t be too impressed with these lads, but what do they care, they’re still getting what they want out of it.

They’ll vend in another project when they need an excuse to raise more $$

imo of course