Ann: Results of Meeting , page-5

It has a share holding base of 720 and their longtime broking supporter is based in Brisbane. The Top 20 own 82% and I'm sure many of them don't attend AGM's. Whilst the company is based in Perth, they have no staff in Australia and how many west aussies are shareholders? and how many would attend? and then write on H.C.? You see what I'm saying.

Look, 13c is a bit of a concern, the volume hasn't been strong and the buy list is light, but the sell list is ridiculously weak, with the last seller at 19c. I'm not sure what to read into that to be honest. Maybe it goes to the heart of the problem I think they have and that's not having a big enough exposure to investors in Australia?

I like others was expecting some sort of AGM presentation, but that isn't the case. I suppose many companies do presentations to try and keep shareholder interest and I'm a little disappointed that we haven't seen anything, except for a snippet on their website about selling $1m of Zircon in November. That in itself is worth talking about, it shows revenue and if they are pumping out $1m worth that probably equates to 700-800t of product.

Maybe they didn't do a presentation as no one attended?

Anyway, I had a friend that said they were going to "try and get along", I will email them and find out whether they did. I was unable to attend, but like others I thought someone may have written something, but maybe there just isn't enough shareholders that take an interest in AGM's, especially in today's disclosure environment.

I did attend an AGM a couple of years ago and I was one of two shareholders sitting in front of a board of five. The only good point was I could pick the sandwich I wanted after the meeting.

....and there were a few to go around.

Pep