Ann: HeliTEM Survey Completed , page-12

Pixby,speaking only for myself,a conclusion of some sort for both the Uley mine and the Cultana and Myles creek prospects,is close at hand.

I can only go by what the reports have said ,re Uley,"there are a number of interested partys","the economics stackup".

So IMHO Pixby,we can expect a deal for Uley,whether or not its a good,or great deal for us is the unknown.

Cultana IMHO is a great prospect,all the research Ive done, leads me to believe it has enormous potential.
Ultimately the drill bit will do the talking.
Lets not forget,its a deep prospect,so costs will be high,but the rewards could be massive.

I have posted on occasions where I think it merited it,about MM's performance.

I had personally spoken to him re the original Uley deal(the second one),and he assured me he was all over it,somehow it managed to fall through.
Incredibly some eight months ago,we had the carrot of Cultana been drilled before Christmas dangled before our eyes.
The SP went up big time,who ever was in a position to take advantage of this mirage,must have done well,from memory the SP went up 100 percent.
As ksn had no cash at the time,how they were going to reimburse SER for drilling Cultana ,surely was an act of faith of monumental proportions.
I have also posted my thoughts about the prodigal returning and the abbreviated and selected resume attributed to him.

Time will tell us shortly Pixby (I trust)whats happening,speaking only for myself, my patience has been tested in the extreme.
The SP is a joke,there's lots of un-realised cash for our oil & gas assets alone, add Uley and Cultana in the mix and pick a number.
Ive planned to attend the AGM this year,so you never know Pixby, bricks or bouquets could be the order of the day.

So in closing Pixby,I think MM will make a deal on Uley,failure to do so would make his position almost untenable ,skin or none in the game.
Cultana could get us to the rarefied air of ozl ,before their SP crashed,throw in Myall Creek and you've got a hell of a Quinella/trifecta.

Come in spinner

Raider