Ann: Appendix 3B, page-420

Any of you people get the impression we’re about to be fuc$ed over again..? By securing 18% of the company Ahanna now have Domenic and co by the balls.. Even though coal prices are at 3 year highs again, I’m starting to think they’re in no rush to start mining.. They have their position and we have a stranded, excellent grade resource, desperately needing someone with expertise, no how and cash, to get it down river.. Basically, I believe we’ll be screwed into accepting a low bid of around 0.10c per share, or funding terms very much in favor of giving a larger share of the profits away.. Talk of Ahanna wanting too much of the profits may be unjustified.. Is it possible that Domenic may be asking for too much.. We’re in no position to bargain.. I say give it to them.. Let them have a larger share.. After 7 years of false starts, it’s glaringly obvious that without the talents of Peter Lynch, this outfit is way in over their head..

Cheers Lute