Ann: Results of Meeting , page-2

Dear Ian and fellow directors,

The vote against your huge volume of options in my opinion demonstrates that the shareholders are not entirely pleased.

My thoughts sit with key issues that as a management team & board of directors, I hope you address immediately;
- Accountability, failure to deliver cannot be tolerated
- Deliver deadlines and key milestones
- Communicate openly
- The smoke and mirrors needs to end immediately.
- Be brave to put it in writing, demonstrate you are not spin

Ian, you are regarded by this investment community as well articulated and inspiring when people talk to you, however in writing your a none of these.
AGM presentation is a casing point. It had no substance, no dates, no key figures, no risk assessment, nothing for the investor who couldn't make it the AGM to take away - apart from some other vegetable mine that seems a massive anoyance to be discussed at this time.

The massive option offers to the directors on the back of a poor year, regardless of the nominal accounting value, leaves a bad taste. Hopefully in a years time will forget, but I am one investor who has purchased shares this year, well above the exercise price of your options just granted. That does not sit well with me at all.

I share the feeling of many on this site, that we don't want to loose the faith in the project or the management team, but geez you make it hard. The knockers out there are hanging to be proved correct that this company is going nowhere, time will tell.

I ask you to please publish your production shipment milestones, similar to what BCI have done, and then hold yourselves accountable to deliver it.