Ann: Response to ASX Query , page-5

wBill, did have quite a whack of RAI, but have unwound some this week and last week. Mainly due to low cash position, pending CR, and poor communication, both directly and publicly, from the company.

I think the poor communication between Blade/RAI was a lot worse back in the middle of '12, I think it improved somewhat.

I reckon both Cadlao and Bonita are in jepordy at this stage. I've said for sometime that plugs will start getting pulled from Ph.DOE end ... well here we are.

Better opportunities elsewhere for now,