Ann: 4C Commentary, page-16

Not quite what I expected, besides being a bit late, even though it was not a compliance obligation announcement.

Some good story telling from Peter Skene but no correlation to the Quarterly Cash-flow announcement on the 31st August whatsoever. might as well have been two completely unrelated announcements as it certainly isn't an Appendix 4C commentary.

Looks like everyone else has posted various comments so, as usual, no need for me to repeat anything. I will say though that finding excuses everywhere else but from within is tiring to read all the time and to see claim made in regards "...directors and senior management are devoting considerable time and effort..." is irritating given the shareholder value has been dwindling, which tells me they are focused on the wrong things and spending time and effort on low or no value activities or have got their priorities wrong. In any other commercial environment that gets you fired.

Maybe it is time, instead of waiting for the AGM.

The annual financials due out later this month will tell more about the last quarterly cashflow position than this commentary and it isn't going to be pleasant.