Ann: Results of Meeting, page-26

Hi Mr Hamilton, I certainly get your frustration and empathise, you are right, they handled the CR poorly and eroded some SH value.

However, I would argue that your comments and negativity are more just 'sentiment' based.

Nothing has changed on the fundamentals, other than some dilution, which has now been significantly mitigated by:
* the increase in IO prices
* the funding being in place
* being within (probably) <six months of cash generation

IMO the fundamentals are hard to argue here, I say that, on the basis of someone coming to the table right now, and not knowing the history.

On that basis, I would argue that the current SP is a brilliant opportunity to enter, AND that the speculated 40c SP is by no means out of the question, certainly within a 12-month forecast period.

All just my opinion.

Best wishes and GLTA

Cabe