Ann: AGM Presentation, page-28

Hi all

just for the record I only operate under one account, not to sure what would be achieved using 2. 

So so wish I had flew down for the agm. My questions might of been covered in the discussions but certainly not covered in the press release presentation. Question time might of run a bit longer. My main question is on the canal project. If the people who attended could answer this question if not then I will take it as wasn't explained or no one asked. To me this is a key to future revenue and I believe many others could be confused, this is leading to the confusion around contracts , they are not clear on where we stand.. in my opion upto the June we only seemed to have booked about $3m against this so could there still be another $8m coming from this ie $2m stage 1, $5m stage two and now the extra $1.5 ? 

So does anyone know are we still on stage one ? I have not hear that we have started stage 2 so is this still coming? Was the $1.5 a top up on stage 1 ? . If the people that attended could answer this question would be much appreciated. If can't then I will take this as the company didn't spell it out wether in the presentation or in q and a. To me so important as if we are still in stage one company could explain that stage 2 still coming which helps give confidence in forecast being meet and we know future work still coming., 

another example of how unclear commentary on contract is, refer to ed,s last post and the comments early in the year, company working on two projects value of $15m , to me I still can't work out this. One would of been the wetlands, at the time this was first released as a $10m contract, both wetlands was released as one contract. So I was expecting another $5m contract (maybe it now forms part of the pipeline) the $15m wasn't in my opinion just the 2 wetlands, as it was only $10m and then later increased to $15m but that was much later than the original comments on 2 projects the wetlands started as one project.

thanks

mickem