Ann: Change of Director's Interest Notice , page-4

Yes unfortunately if you read the IMX thread (IXR) it appears of late that getting money out of Taifeng is like getting blood out of stone. IMX had to threaten legal action to get their 49% joint venture costs which they got last week ($4.9M). On the surface it appears Taifeng may have cash flow problems but I am only speculating here! We may or may not be better off than IMX though as IMX are the operators of their j/v where as Taifeng will be the operators of our j/v (eventually) so they will be chasing FWL for money when they earn their 66.7% in 18-24mths time. In the mean time Brett has to chase Taifeng for the cash.