Ann: Rights Issue Update and EGM, page-16

I also rang company, spoke to someone, left message asking about oversubscriptions and got no reply. Decided to apply for double my entitlement on both accounts. I can see on the ANZST account I was given only the shares I was entitled to at 1 for 30. There seems to have been some inconsistency in allocating shares to those who oversubscribed. I will ring company again to try and clarify how they dealt with oversubscriptions.

The 30% sp increase in about a week has kept a smile on my face but maybe a secondary motive for the cap raise was to enable more shares to be purchased by chairman who I think has done a brilliant job turning the company around.