correction of false media information, page-66

Commander, IMHO until the Company is open and up front with a detailed exploration schedule for boths JV's, Details on the planned coal sale, details on when the application for the production license will actually be submitted, then the SP will continue to languish. Too many of the previous ann's contained may-be's and could-be's, what is needed is some definites.

The underlaying problem atm is the distinct lack of CASH. As i have stated in many previous posts, we are far to reliant on other people, their schedules, their rules. As to the plan on meeting our cost obligations to the J.V's, it seems highly unlikey that the Oppies will get there, unless there are some rather startling discoveries at the back-end of this year. So this is another issue that needs to be addressed. I am only a small holder compared to some in this company but i believe most have the same queries.

As to the supposed crown jewels (surprise) it appears that it will not be developed until mid next year at the earliest. The only planned cash flow we have until then is our people billing the J.V. partners for our time spent working within the J.V's. It is IMHO a very precarious position to be in and many answers are needed to settle the natives ( SH's)