Ann: 2017 Annual Report, page-9

Also Less Share holders willing to sell at these desperate levels. I believe that it is STUPIDITY selling at these levels. Offtake will happen soon. Reading between the lines, I am predicting 1 offtaker which will attempt to take the the entire STAGE 1 - 473 Ktonnes pa. If this happens, it will give credence to those takeover opinions. This is IMHO. I find the current selling at these current levels very peculiar, and believe a take over offer is closer than some may think.