Ann: Quarterly Reports-APG.AX, page-17

It looks as thought any deal involving Ixon Operations Pty Ltd and ABR Process Development is buried. APG state in the the quarterly that the costs involved are too high and the risks to great to go down that path. Considering the cost could have been around 15 million I am relieved that deal is not going to happen. I look forward to a reviewed costing estimate to complete the construction of the Newcastle plant.