Ann: Corporate Presentation - December 2015, page-17

I'm interested to know others opinion re farm-in partner.

The catlyst for a re-rating of the stock price would have to be a farm-in partner. It doesn't make sense to me if farm-in partner negotiations were progressing well and looking imminent if I can use that word why no update. Management have mentioned before on a number of occasions about keeping the market informed. Management do not have to announce anything until a contract is signed but this goes against their previous correspondence. Considering the stock price has been smashed lower for years I would have thought it would be a priority for management to do everything in their power to support the stock price and hence their very poor demoralized shareholders. Talking about liberating shareholder wealth I would have thought any positive announcement re farm-in partner would at least stop the stock price decline. Technically speaking the stock price is still grinding lower maybe just on inertia now but still looking mighty weak.

So do we expect management to just make this big announcement out of the blue hey we have a farm-in partner for Derby who has plenty of cash for us to finally have a real go at this. I know management were not shy in telling us about Twiggy being interested and wanting to partner up way back when I thought this was looking good.

An update or updates on negotiations should have been forthcoming. Most times the specific entity involved is not named until such time a signature is obtained. Negotiations on deals like this take many months and yet not one update.

This is unusual if this is what management are doing. A company making announcement with no pre update. Magnificent if this happens bring it on ! Trading halt please !