AGM, page-8

well, not much else to add really, i mean from Scrixy's post and the presentation / address released to market today. i had the pleasure of meeting Neville and Charles for the first time. Neville opened with the chairman's address. highlighted how well we have done in the last year. He said he was looking forward to next year when he does his address. This was followed by the voting. Tony took over and ran the presentation. I will jot random thoughts as they come to my head. Key highlights for me was, PFS is thorough so that DFS doesn't become a long drawn out process. The use of consultants is not priority (waste of cash) as we would prefer to discover end user specifications and reverse engineer for them. we have not missed a milestone since Neville and Tony came onboard. tony highlighted that he doesn't plan on missing any either. neville mentioned we are focused on marketing our product now as our goal is production and revenue generation for next year. Our product does not require acid which is a huge advantage, if it was part of the fabric it would be harder to seperate and costly. Neville mentioned that Europe are lagging at the moment and China isn't too fussy on quality. the western world i.e US will pay top dollar for quality product. The giga factory isn't the only show in town. Hengda not written off. Our port is very accessible and ready to be used, good relation with owners. Multiple off takes is the plan. desktop results due soon. Tony highlighted how he is more excited about this project then all projects combined from his past. Marlin and Mahi Mahi drilling to start next year. Company very conservative with announcements. So when it happens expect significant meat on the bone. Only 15% drilled so far. Korean assets nearly finalised. stage 2 testing under way.
I can carry on, but I think I would either be repeating myself or telling you things you already now. The one thing I can tell you that you won't know from reading announcements is the following........ we are on the verge of something huge people. How can I say this....... everyone will talk up the stock that they own. Thats only normal, but please understand, I'm not doing that. i am actually saying WE ARE ON THE VERGE OF SOMETHING HUGE PEOPLE. The vibe from the gentleman presenting was very positive. We have come along way. We not only have great product but now we have a great team to match. Tony highlighted this fact mentioning the greatness of executives all the way through to our field people. Pretty much everyone is working for less than what they should be because they all believe this is something huge. Unfortunately there is only so much you can say until it becomes hindsight. But for now........ we are on the verge of something huge people.