Ann: Change in substantial holding from TRF , page-15

Are you sure that info on 1a and 1b has been provided to the market Quanta? I've not noticed that.

When you describe the $50m as gross revenue I'm pretty sure that's a net profit. Can't find the details of it looking back. I know they talk margin but the costs are all in I think. I think that's been discussed on this forum before.

On other matters referring back to my previous posts. I see the environmental bond was forecast at $2.3m in the May 11 presentation with total costs $26.3m. Then in Nov 11 presentation the bond was $3.5m and total cost $27.2m. The bond in the end was $6m. Other cost must have also turned out to be much higher or there would be no more finance required. At that May 11 presentation they said balance of funding was $9m to be raised from bank debt. They've since raised $9m in equity. So should be done but subsequent to that May 11 presentation they have given a few figures including needing $35m. Who knows what really required now. Updating the project costing from the Nov 11 presentation would be a good way to update us. (Unless I've missed something?).

I also note looking back that the accommodation village that they highlighted recently as progress was completed by that Nov 11 presentation.