Ann: Corporate Update-IGS.AX, page-6

They had a couple of projects under review.PNG is not on their list.

I had said many weeks back that they would not get the WG refund. Who did not deliver the funding?

As for the Santa Fe funds i had also indicated that only $200,000 would go their way.

As for the Santa Fe shares there is no need to sell until project funding arrives. Anticipate a prospectus will be required in order to raise funds. Cannot see a Sage rescue package now that i have read IOP report.

Directors speak a language to satify ASX and ensure directors fees and benefits keep on flowing. Forget about shareholders as they never really count in the scheme of things.