sell everything, just a thought, page-8

Ding, my problem is that the indo permit issue is causing the company to go backwards and cashburn will eventually be a problem....with all the experience the management claim to have in indo....i am worried they may be on the outer for some reason...just guessing on that one. Remember, they have the drilling services business in Indo....i would have thought there relationships through that business would be helpful.

The window is closing on Mt Webber.....there needs to be a decision soon by both AGO/AJM...personally, i would like to see an offer on the table from AGO....80M to 100M range.

The Baline garnet project gets no mention, i reckon they will offload this at some point....what would this be worth?

The other issue that i want to bring up is the directors should be looking to take a pay cut of say 30% until they can get a project up and running, then revisit the salaries at that point. Dont laugh at this....its happening in quite a few smaller capped stocks atm.
These directors should take a cut based on the major delay in the coal permit delays.....the words used by another listed company that have done this are " Due to delays and as a measure of goodwill the directors will take a reduction in salaries"

Ding, like to see your thoughts on all the above please.

Regards.