john heugh side of the story !! , page-2

These comments speak volumes about the current Askin led board as far as I am concerned !!

Disgracefull , absolutely disgracefull.

CB


Until 12.05.13, there was no Board Meeting to approve the attached penalty of up to $650,000 or the exercise price of 12.5 cpo of the option issue announced on 12.04.04.

I approved neither the penalty or the exercise price of the options;

I was most certainly unaware of any attached penalties of up to $650,000.

The associated capital raising was predicated due to capital shortages as well as advice from stockbrokers that the Company was probably facing takeover attempts from two different parties.

It could have been diverted to drilling at Surprise but was not.