Time to go Steven, page-15

Sorry for not being a bit more pacific M1, my focus has been a bit derailed by an angry spark at our CEO'S greed, but the drill results I look forward to are those from the upcoming RC drill campaign. I'm also interested in the rock chip and soil sampling results from our new Barlee project.

My concern is, even if both these campaigns are successful, unless these tenements are also farmed out, where are we going to get the funds for further exploration? Obviously the company will come, and is coming, back to the shareholders with its hat out but they've already been hitting the market with so many new shares that we've been diluted to blazes. At a measily .003cents a share, to raise funds for further drill campaigns the added dilution will be staggering.

This is the way I see it at the moment and why I'm peeved at management. It seems all the money raised in the past 18 months, apart from the recent drill campaign and a few soil sampling ventures, has gone on management's extraordinary wages.

I see you have a buy rating M1, which implies you are optimistic about SEG'S future. Please explain how you think our financial situation can be turned around without sending the share price further south. I only ask because I need a healthy dose of your optimism.

Lastly, I believe that if SM can turn this around, maybe he is worth a bonus. Until then, he'll be getting no votes on my proxy form!

Cheers,

Rhama