Ann: Becoming a substantial holder , page-10

Footy - what does the arrangement with bas being to the table excluding any human expertise. For example, tenements, plant, projects in progress etc. I'm not interested in who is who rather tow what extent the obl base expands either in terms of potential infra/admin growth, access to funds, goodwill, new relationships and leads, prospects for takeover (never liked the word merger - I believe if you believe you're on a winner, buy the buggers out so that they don't corrupt you with politics and the like). The current stok price is annoying and am hoping that the strategy Neil has on the table includes growing the base and gradually expanding the empire. As long as we strike something economical, the way the cash situation is being managed it does appear there is that growth strategy couple with immediate exploration - a difficult balance at the best of times. Somewhat surprised at the current price but the market has has a small taste this year so obviously quiet interest out there. Three cents is a bargain, but no more cash to increase holdings. As for projections - if the next drill returns something heavier than water, with the anticipation of the other tenements I'm looking for a high this year between 13 and 17 cents. Based that on a heap of calculations back in April but didn't anticipate the yet-again Europe implosion, and inane government mentality down under together with the rest of the global financial corruption labelled as 'mistakes' or 'oversights'. All depends on the resources now tempered by whatever the eurodorks implement (not forgetting whatever the Americans will end up doing to the oil price considering its election year). These days too much macro uncertainty and financial/political manipulation - fundamentals take second seat, but as we know, that tide can turn pretty fast.