Ann: Update - ASX Enquiry, page-127

While there is still some hope, unfortunate part from HDY management is that they haven't made any significant progress in any of their projects. They have a long list of projects under their belt but none of them has reached to the stage where investors can be certain about the future of their money. These guys need to show some promise to the market. They just cant afford to to do nothing just because ASX is after them. This is just a lame excuse.