Ann: Interim Update, page-74

That's nonsense. For years we asked Cedric for clarity with regards to updates. He never did give us any. He told us the plant was running at capacity but would never provide detailed deliveries and sales reports. Clearly we had issues feeding P2. He sugar coated everything. Blamed weather, blamed contractors, told us everything was all good, when in reality we didn't and don't have the feed. Under his model, we were always on to a loser. Yet non of us knew this. Because Cedric never fronted up with us. We were led to believe the thickener circuit was gonna sort things out. We are in a worse position now than before we even commisioned it. And then he had the audacity to give himself a heinous amount of performance related shares for commisioning P3 which, it transpires, would never be profitable. Give me a break. Cedric spent 10 years milking NSL/IOR for his own personal gain, never did the right thing by shareholders, and now here we are all sat on huge losses wondering if we even have a viable business