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The content on this website is prepared by Titanium Equities Pty. Ltd. ("Titanium"), which is regulated by the Australian Securities and Investment Commission. Titanium's address is Level 3, 340 Collins StreetMelbourne VIC 3000. The content in this website is specifically targeted for wholesale clients in Australia as defined under s761G of the Corporations Act 2001 and is not directed at and is not intended for residents of any other countries, unless directly specified. Downloading and distribution of certain information from this website in certain countries may not be allowed by law and it is incumbent upon persons who access, to inform themselves of and to comply with any and all such restrictions. The content contained on this website does not constitute an offer or solicitation to buy or sell equities and is not intended to be published or made available to any person outside of Australia without the written consent of Titanium. The website's content is intended for informative purposes and does not constitute investment, legal, tax or other corporate advice nor is it to be relied upon in making an investment decision. Information contained herein has been taken from sources considered by Titanium to be reliable and in good faith but no representation or warranty, express or implied, is made as to their accuracy, completeness or correctness and should not be relied on as such. An independent financial advisor should be consulted before making any such investment as to the suitability of any investment made in connection with the content on this website. Titanium accepts no liability whatsoever for any direct or consequential loss arising from reliance on the content of this website and will not be held responsible for any loss or damage of any kind which arises, directly or indirectly. The provisions herein are not intended to exclude or restrict any duty or liability Titanium may have under the Corporations Act 2001 or any other relevant legislation. The Directors, employees and the Company of may have long or short positions in the securities mentioned in any document or documents published here, or in options, futures and other derivative instruments based on these securities or commodities. 

This website is subject to copyright with all rights reserved. The information contained herein may not be published or redistributed in any way without the prior written consent of Titanium. 

November 2015