placement, page-38

Sorry Stumpy but I think this was a very short sighted stupied decision by the company thats going to leave us LT shareholders exposed to all types of game playing in the near future.

After yesterdays Govt decision this share would have (without any doubt) have risen into the 30,s, and in short time into the 40s where it had been trading before all the bull started with the CSG.

Futher I,d hazzard at a guess the 2 major players (who , like me,) took position in this company at a much higher price (in the 40s I think) will be most unhappy AND i might add 1 of them might for the little outlay of $10M take the 50m shares and give them a blocking stake that will leave us potentually in limbo and at there adgender.

If streettalk is right and 50m shares for 20c has been sold then all I can say is Phil your a dill and if this is indictative of the type of management your bringing to this company then IMO we are in very poor hands.

And one more thing,with monies needed for power station, lionway etc ,what are you going to do ,continue dilluting the share registry raising money at ridiculas prices and in the end seeing us like our neighbours at .004c and a share registry of over 1.5 billion shares.

A very poor decision MEL.