reject resolution 1, page-8

Hi B,

I wouldn't waste my time on this stock if I didn't hold enough to be down a lot of dough!

Check the threads I have held this stock from day 1. (unfortunitely sp wise)

I have my sources from within the industry about the trading pattern when we traded from 8c to 6.9c during the RI deliberation.

I dont know for sure what is happening now but I dont see why they wouldn't be doing the same thing??

Its pretty obvious what is happening isn't it??

Or am I one of only a few?

Paterson's have underwritten 240m odd options in a company that they just got 70m odd heads in two months ago. The sp has halved and yet they want potentially to double the amount of shares on issue potentially to all their clients.

You have to say it is pretty interesting what is going on?

The chairman who runs Indian Ocean has an account which may or may not be his personally that I haven't seen in the top 20 before that has now 9.7m shares.

I continue to hold because 1 I will not accept a big loss, 2 this was always a three year hold for me and 3 I believe there are alternative outcomes to this board running this company.

Cheers

Chris