The Board

The quarterly contains fascinating information BUT I am severely disappointed:

- a possible Binjour partner. I think It would have been much better for the share-price if there has been an MOU and a separate announcement

- a trial of TasTech at Fingal Rail and ore blending demonstrations. I think it would have been better for the share-price if there had been separate
announcements (also ? the patent status)

-Assessment of a new bauxite refining technology. I think that deserved a major separate announcement and a statement about the patent situation i.e. application for, granting of etc. This would have been good for the share price

All these are/were important for the share-price and important communications with the shareholders and the market, not items to be inconspicuous in a quarterly. Thus it is my opinion the BOD has not performed regards communication with shareholders and in its related role of supporting the share-price. The share-price could and should be better.

The AGM notice contains a resolution( 4) requesting permission to sell 25 million new shares at what is likely to be, given the current share-price, bargain basement prices. I presume, many (? most) long term shareholders are excluded from the sale as not s708. By raising money in this fashion the BOD is avoiding a detailed explanation of the rationale for this money. I think this is disrespecting existing holders,

The BOD needs to change: I will be voting against each of the resolutions at the AGM to sent a message.

I'd like all holders to think about it