Ann: Quarterly Activities Report, page-2

We are all still left hanging !

No decision on how they are dealing with the Carnegie redemption - but they are talking with someone regarding a "wider financing strategy". I hope that means they are getting rid of all the wretched C.N's. this year. Paid out $3m+ interest in the December qtr cashflow release.

Given they highlighted in both releases this evening that they have pre - approval for 30m placement shares by end Feb 2019... that will form part of the above. Also helps explain why someone is keeping a lid on the share price !!

MC 5A continues to be suspended pending completion and connection.... sometime this current quarter. For something so close to the pipeline it appears the contractors all had December/January off.

Given the lack of definitive detail and a big jump in both Admin and staff costs in this March qtr (why ?) . I am changing my sentiment back to Hold. Only so long you can keep saying "trust us" boys and girls..