Ann: Half Year Accounts, page-4

Its not much consolation for the ineptitude and lack of oversight by the directors and management of CCZ, but COB has an interesting presentation in which they have stated they intend to make acquisitions to supplement feed into their intended operation. Could that be CCZ ground in Broken Hill with adjoining tenements? I believe the cobalt trend continues through the CCZ tenement. It may provide some options.

Not sure CCZ's dead, but remain very suspicious of the omissions that allowed events to transpire at Cangai. Should approvals be re-instated I feel there is profit to be made, in what is otherwise a sound prospect which got my attention in the first instance. Yes we are speculators, but we don't expect basic lapses in oversight that contravened regulations and shut CCZ down. I can wear accidents of God, market downturn, political interference or drilling shortfall as c'est la vie risk factors and punt accordingly. The guys running the show better be on their toes if they get a break otherwise this history will haunt them in the market with any other venture..