Ann: Change in substantial holding from MQG , page-3

Macquarie and Sentient are represented via John Mears, who is Sentient's chief geologist. One would assume that Macquarie would have had a briefing from him regarding the commissioning, prior to writing the cheque. That briefing would have been thorough and the process within Macquarie extensive.

It's also pretty clear that any capex for expansion etc., will now come from the two big brothers sitting on our register via their options. I'm happy with that, Macquarie are here for the long haul and so am I.

As for the quarterly, it will be out soon and I expect it to be fairly thorough. The numbers will be 3-4 weeks old and with any commissioning process like this, that can seem like months ago, so it will be more about the commentary (if any) after this date that people should pay attention to.

For me, it's about working out a date when they will be getting close to full production, a commencement date for the bulk shipments via their loading facility, and the issues they have encountered and what rectifications are in place.

Pep