Ann: Investor Presentation - Brisbane 9 February , page-9

re: Ann: Investor Presentation - Brisbane 9 F... With the greatest of respect gself I believe I am correct because I purchased my first parcel of KZl @ 1.09 (after it hit 30) and then participated in the cap raising @ 65 cents. So the share price actually traded up through the 80's and then back down through it as well. That's twice before the cap. raising was completed and shares issued. Considering at this time they were still making a loss (unless their dislcosure about returning to profit in the December quarter is not right and they were intermittently trading in and out of profit between July and September) then I fail to see how the comments I made are incorrect, althought stand happily corrected.

JT