Ann: Trading Halt, page-30

I don't agree at all with the best companies only do a few capital raisings.

We are talking about exploration companies, some are lucky and hit what they are looking for in the first few drills. They are the exception and often more good luck than anything else.

I have seen quite a few great companies take ages to pinpoint what they are looking for, it is the nature of the beast.

We all would have liked to have seen the capital raising occur after some drilling success at a higher price, but we can't control the Flinders situation and everyone knows that has hampered our potential success.

I have faith that Thomas and the team behind him are not a lifestyle company and he is doing his utmost to grow the company. It will take time, but there are no guarantees with these spec companies. High risk - high reward. That is the game we are all playing.