review of 4d and half year accounts, page-3

Phantom

1. Ms Wang is the daughter. Plenty knew that and so what?? She was always representing WEG on the board and most knew that WEG was a front for Rizhao

2. The value in Cockatoo is Stage 5 and 6 and the underground. It had an NPV before we did our presales but we have realised it so now we drill to see what else there is.

3. I think you are wrong on the loans

4. Yes, the JV is backdated

5. We always knew there was a cost to buying Cockatoo

7. no idea on the ICA fee and who cares? It's history.

8. Yes, we need to fulfil our end of the deal

9. Agree, we will not be called on to help with the funding

I'm sure WEG will be getting their funding sorted like we are, with presales. They just don't have to announce their funding deals. I agree, I'm amazed the funding isn't sorted already so I am hoping the board has this sorted. This is my only real concern. I am not worried about dilution as we have such a small share issue anyway...another 15% issued and another presale and we are done. In reality, to get this far in this market with no funds to speak of is a great effort. As for choice of partner...what choice? Agree with you on the transparency.