Ann: Short Term Funding and Appendix 3Y, page-38

Only another untimely delay unfortunately, just when we started to get some traction and looked strong from a SP perspective. It's a shame for those of short sighted views. However, we will be done on either of the Mauritius or Tanzanian sooner rather than later... I am just as frustrated by the lethargic approach of the approval process as the next, however I am a firm believer that it will only be a matter of time until the announcement comes through that we have been approved on one or the other. Too much money to be made in this mine to be ignored, with Tanzanian gov't to earn too much for them to just walk away from it. With only 6% of the tenement explored and over 30 years LOM confirmed SO FAR, it could easily be one of the largest Large Flake Graphite mines in the world. As such I have taking the chance today pick up more stock from the nervous hands that are not prepared to wait. I am more concerned with where we will be in 3 months.. by this stage we will be well and truly on the way and all this circus of approvals will be behind us and we can focus on how much money this mine can be producing instead of the constant delays that have now gone past the border of ridiculous. But like I said, I and all of my circle who all have a decent holding in this are not throwing the baby out with the bath water like many on here are. Will look forward to posting again once the good news comes in....