ann report, page-17

Yes I am a holder and have been for a long time and am deeply underwater. I have had investments in other ts associated companies. One which went under and as a significant shareholder was disappointed with the process. I was further annoyed when I read the Administrator's report.

I would love to see CFE boom and have a view of not throwing money down the drain so will hang in there. I have been in CFE for over 6 years, so my guess is that I have been more patient than you. You have no idea of how patient I am.

I have seen all the lovely photos many times over - it is the way of all mining companies. When I see something tangible actually producing I will be happy. Photos mean nothing.

But in the meantime I will treat every announcement with due caution and not get excited till the actual deals are signed and sealed, actual real finance secured, signed actual off-takes are in place, each and every authority approval received, feasibility studies signed off, etc. etc.

This is how people operate in the real world of business where I have successfully operated for over 40+ years.

Intentions, a business it does not make.