Ann: Appendix 3B, page-22

The disappointing thing is that after waiting for months for the ML, the financing is still not complete. If you were sure that the ML was coming as management kept saying then surely you would have planned to have the financing sorted the week after the ML was signed off. No detail on the way forward which again management had months to sort out. I always believed that the ML would be signed off and knew the management's timeline was going to take longer than what they led shareholders to expect, however I am struggling now to understand why there is no detail in a more timely fashion on the way forward which is totally under management's control. Surely some sort of plan could have been released sooner than this???