Twitter and OGX Related Media, page-378

Tidman said:

'That's not down ramping. Thats what it is. Sp says so. Anyone saying this is downramping tell me what the sp was at start of year and what to is now and how much of a fall that is. Its simple math really.'

The SP at the start of the year was 3.5 cents it is now almost 7 cents - that is a 100% INCREASE - simple maths really.

'They didnt raise 12 million at all. And the last report I read was they were still chasing a couple of million that hadn't been paid by an investor.'

Really? - please provide some actual facts. In what 'report' did you read this? My contacts tell me that all the money is in now.

'oh and 5 million for exploration'

Why make up figures that don't exist? Please read the ASX announcements so that you can provide a factual post. We raised $12.1 million - about $2.8 mill went to pay off a debt left by PREVIOUS management - leaving about $8.3 mill to spend as management sees fit - on production or exploration - the amounts are not fixed in stone.

'They are burning through 2.5-3 million a quarter east. Especially as they ramp up or try to'

Even allowing for your 'cash burn' estimates this gives us almost 3 quarters of cash - and you seem to have forgotten that we are now PRODUCING GOLD - unlike the previous management who spent $4-5 million a quarter PRODUCING NOTHING with an SP around 1.9 cents.


Regards,
Pete