Ann: Appendix 3B & Cleansing Statement, page-45

We know they have:

* Commercial scale purification results (as it was discussed recently at the AGM that the results are great).
* Lubrication results (which were referred to in the recent letter to shareholders).
* Testing from Hazer's PP plant since the last update in August (also recently mentioned in letter to shareholders).
* Demo plant now quoted as being over east, but previously said they were going to supply WA Market.

These are all items which the previous management would happily disclose, and in fact, said they would continue to disclose as per their September presentation.

They have also not disclosed the deal with MIN for over a year. This is their ONLY agreement yet no one has been provided with any guidance on it.

In their September presentation, they said they would release this once they had completed financial model. Well here we are, MIN are about to start commissioning, so they should have a fair idea of the capital costs involved in the project, and the operating costs shouldn't be too difficult to estimate broadly.

Therefore, they should have sufficient information to disclose to market the value of the royalty, but they are again withholding this.

And BTW I would also be upset as a holder of heads if the options didn't get converted, because SP in pre-revenue companies rarely go anywhere at this point in their development when finance for future is not secured.