Ann: Appendix 4C - quarterly, page-9

Guys, here are some estimates:

They were billing about average 85GWh in Q3 which was about 3.3m in revenue. Rule of thumb applied, 1 GWh = 40k in revenue. Quarterly costs at about 4m and an expected average billed of 100 GWh in Q4 would mean we get a neutral or positive fourth operational quarter unless they were able to convert more per months than usually as that would show an increase in conversion costs.

Once they have reached 100 GWh the last tranche of performance shares will be issued which, for accounting reasons, will be shown as a negative expenditure and will show a huge quarterly / final year loss.

In the end, FY 16 / 17 will be the last negative one, FY 17 / 18 will become a huge positive income - profit earner and will see the criteria reached the big guns need to be met to be allowed to buy LPE.

Probably just a few months left to load up on one of the cheapest new profitable comps listed on the ASX which got an income guarantee of 6 - 10 years.

Don't get scared if those CR-sharks keep on off-loading. Remember, buying low is the first step before selling high. And to buy low someone must offer them low.

GLTA