Ann: Pre-Feasibility Study Completed for Mackay SOP Project, page-44

I’d still like to know why RWD has/is struggling while AMN seems to be well supported. Could it be that you are just too blinded by significant losses to question why the market values AMN so much higher than RWD? Is it that you and Sevo are not the smartest guys in the room? Maybe rather than playing the man you should be focusing on the ball. Go and ask MR why RWD are going downhill fast? Maybe have a word to the portfolio manager at Aus Super and Paragon Funds Management and ask them why they backed AMN? While you’re at it, ask why they dumped RWD some time ago.

So how will RWD get funding? Massive dilution is just the start. They won’t have a project anytime soon unless they can find a sucker with deep pockets and basically give it away.

I’m sure you thought the BFS would be a catalyst. The market’s response has been very poor. What does that tell you? Something’s obviously not right.