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This material is prepared by Mirada Asset Management Limited for information only, and should not be considered financial, legal, tax or investment advice. The views expressed are solely those of the author and should not be taken as recommendations, advice or solicitation with respect to the purchase or sale of any financial investment. Securities and investments mentioned are speculative in nature and may involve risk to principal and interest and may not be suitable for all investors. The report is intended for sophisticated investors only and does not provide a basis for investment decisions. The document is intended for the recipient only and not for forwarding or distribution. Much of the analysis and price information is based on data from third-party sources and no representation is made with respect to the accuracy or completeness of such information. Mirada Asset Management Limited undertakes no obligation to maintain or update the information provided with additional or subsequent information, or to correct possible errors in the information. Mirada Asset Management and its directors and employees shall not be held liable to any person for any losses, costs or claims resulting from reliance on the information provided. Any historical performance provided is for illustration only and past performance is not indicative of future results.