Ann: Corporate update , page-15

I believe Cobar has turned the corner.

The early December production figure showed they have the equipment and personnel to produce at name plate capacity.

Our major shareholder has extended the loan 6 months. The CBA has extended it's loan, yes only one month but I'm of the belief that is because Cobar don't need it extended any further.

I think the silver price is the key here and that Cobar is now in a unique position to profit handsomely from an anticipated upturn.

For me the CEO and his team have stablised the company and 2014 will be a much more prosperous one for shareholders.

$4 are you still on the sidelines?