oversold, page-7

I had spoken to Adam Shapiro(chief financial officer) previously and he told me that it was unlikey that they would have all the details (Jab 1) ready before the agm. Now it looks like we are going to have to wait for early 2011.

Jab 2 is interesting,it is not dependant on Jab 1. I think I know who the partners are but wont disclose for obvious reasons. It is not going to require equity as it will probably be a joint venture of some sort.

I think the big buyer last week was possibly Wilson assett management who seem to get in and out of nwt at the right times. (Please dont quote me on that as I could be wrong).

I could not get to the Agm today but will get updated by someone who will have peaople attending.

I guess you are right about lack of real solid commitments ie where is the money coming from and % capacity sold. These things always take longer than expected as you know (sdl & obj). So you either believe what they are saying and get in early or hop on board once all the "real" announcements come.

I topped up last week but hey, I am a true believer.

Cheers,

Please dyo research.