Ann: Quarterly Activities Report , page-4

They are absolute morons - the recent announcement also has the beloved leader crapping on about the root cause being the dumping by Bergen without even using the name! Get a reality check - the same guy signed the paperwork sanctioning the agreement so how about the board blames themselves. So where did all this money actually go? He mentions jolly tar etc as if passing comments and appears nothing on worth been done recently. And the sore point of the aerial work in png that was supposedly started almost 6 months back but hasn't. And the end result being they got money from Bergen? Spent that plus more in who knows what. And now nothing in the bank - so who will take up the offering at 2.5c? Huge risk to lose the lot given this boards complete ineptitude in the past year. Sure some st traders might make a buck but for longer term holders there is a limit to averaging down and that is zero. Already lost a heap and the only good news is that if it all goes to pack, the board will have bigger losses and deservedly. Unfortunately have no idea who the biggest non management holders are and even if I did, they're probably into the trading aspect so would not agree to any attempts to remove the md or a few others. So we are stuck with this farce. And I bet the paperwork sent isn't even absorbent so no good for anything else...