Ann: Quarterly Report to 30 June 2017, page-14

Hi Cozzie,

May well be the case but "E", the Board and a few others have done very well out of APG at investors expense.

We have a plant that has been redesigned and refurbished/reconditioned many times, the redesign maybe is justifiable (if the eventual task has changed) but refurbishing/reconditioning a plant that has done bugger all work leads me to think that the plant and process is fundamentally flawed - by this I mean that it may well work in theory and in trials but in realty the process is so corrosive and degrading to the plant that this in itself will limit its commercial viability.

I hope that I am wrong as I have held APG since October 2000 and seen and watched it all unfold.

That would be coming up to 17 years, never sold a share and even brought more - not one of my most impressive investment decisions.

Newbie Thomas