Ann: Change of Director's Interest Notice, page-8

We meet again today Fire Bull.
You have mentioned two legends with Imran and 3500. I did not know they had liked this one, but gets me more excited with the potential.
On back of napkin numbers Market cap of $11.7M (at 23c) + 1.3M cash, + $1.2M cash bonds and bank guarantees less $2M debt = $11.7M EV
$477K generated last quarter which is 16.3% prorated return on EV.
Last quarter director said stronger results anticipated to continue in Q2.
Tax losses in co so cash generation should be tax free.
Directors buying shows some confidence that the last quarter result was not a one off.
As a holder, the buyers vs sellers depth looking better.
Prior to consolidation the share bounced between the new equiv of $0.20 and $0.30 with more going through at $0.20.