Ann: Increased Resource at Ashford Coking Coal Project, page-40

Hi Red Adair,

Thank you for your note.

Your points are fair and balanced.

Just a small point of order - I have rarely attacked the Board, and quite to the contrary, I most often stand in their defence.

My frustrations lie with EOPL, and if your reference to “major shareholders” refers to that entity, then I’m guilty as alleged.

I’m over that frustration now, and agree, let’s just get on with it. Accordingly, I will be placing another buy order Monday morning.

Thank you for your mature and objective views,

Dugsab