Ann: Company Update , page-17

Hey Graham,

Could we see the SP fall to 0.002 again and then another consolidation - an infinite cycle of dilution.

Seems inconceivable - not.

It is still a mystery to me ( because it has never been fully explained) why there is diversification in Indonesia on the cards when they could be repursuing Penola. Carbon Revenues two months away!

They say Indonesia was the right decision ( over Australia) - was it?
Until we have signed PPAs we have no PPAs. Talk of potential is just pipe dreams.