Ann: Appendix 3B , page-14

Not a bad return IMME from 006 to 030 in 3 months, After having a read of the last 2 years Anns of ESI they have done well for themselves, You could be lucky getting in at basement price with TNR and hopefully we can do the same as ESI, [heres hoping] It will be nice to hear when La Jolle having exhausted all their shares with TNR and we might be able to move up unhindered, Also Varun are looking pretty sick at the moment and l dont know which way this will affect us with Madagascar, but it would be nice to go it alone if we were able and possible funding was imminent down the track JJ