run-off program and cash return to shareholder

See below details from asx announcements.

Current debt paydown should be done in comiong months then dividends and capital return of up to 23 cents per share.

A great return on a 15.5 cents buy in price currently offered.

Looking forward to half year report for time frame update on full capital return shouldn't be more than 6 months going from previous asx announcements.

Target return to shareholders
Based on its current operating performance and the run-off program endorsed by shareholders at the
Company’s AGM in 2011, the Company is now targeting a residual amount of cash available for
distribution to shareholders of between 21 and 23 cents per share.
As previously announced it is proposed that no capital return or dividend is to be paid to shareholders
until financier Bank of Western Australia Ltd (BankWest) has been fully repaid. Thereafter, periodic
distributions will be made to shareholders as funds in excess of operating requirements become
available.

Franking credits
Under the current financing arrangements the Company is not permitted to pay dividends and/or return
capital to shareholders until the debt to Bankwest has been paid. Once this restriction is removed the
Company will have an option available to it to pay franked dividends from the 2012 profit reserve or
from future year’s profit reserves. The Company has significant franking credits amounting to $4.9m as
at 30 June 2012.