Pelm I think we have had a big legal dust up and lost. Tony is the fall guy and fair enough given that it looks like we lost the battle of the lawyers. I still think 50/50 with WEG and hopefully a workable JV. There will be no purchase price paid for WEG's share of cockatoo as per previous deal.
I agree with you on the use of the $24 mill. Sea wall, drilling and Irvine. Am pleased that Tony stays on to progress Irvine in a part time capacity, as seems to be the case.
Publicity wise a set back but the fundamentals are sound, I think, and we will hopefully relist soon. At $4 mill profit per month, we won't be down for long. Will be interesting to see what sort of guy the new man is. Let's hope he hits the ground running...had enough of this crap.
Drill the friggin thing.
tomorrow, page-43
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