maquarie finance, page-2

Hi Ubid,

Yes - the SP does reflect a lot of risk in EVG that will, over time be reduced through the achievement of certain milestones.

One of those is the accessing of Mac Bank money.

I understand that with the capital raisings of late, the LL project has enough operating cash to get construction through till mid August, no problems.

I believe that there is lots of work going on with Mac Bank now and I think that we are on the final straight here.

I am confident that the money will be flowing well before mid August.

Cheers
John