Ann: Chairman's address , page-2

Not sure if anyone attended the AGM?

Chairmans report is a wonderful effort at spinning failure and blame shifting.

All roads & projects lead to Egypt which has been chosen as strategically superior to all other places including Australia but with minor political stability issues.

We are told that the factory failed in N Qld because of the high costs. No mention of the fact that the technology did not actually work. This assessment will be repeated in Egypt one day....but not soon it seems.

Ted mentions the perennial cash problem and talks about finding more suckers to invest.

Can the Mgt and board point to anything they have achieved over 6 years apart from raising and spending over $20M?

The circus rolled into Adelaide today and back to Egypt tomorrow. How long can the clowns survive?