Ann: Prospectus for Rights Offer, page-6

There is a free option attached to every four rights taken up, so I guess that's worth 1c in 2018 should EGO becomes successful with the drilling program; and if you have no faith in EGO being successful by 2018, then you probably shouldn't take up the Issue anyway.

I noticed that Tony will partly under write the Issue. That gives me a little bit more confidence, or may be he was forced to
by Morgans to be part of it!

I'll take mine up. Just think how we've been cheated out of all the chances in the past. I am glad that the old board did not get to exercise their millions of options last November; that would have really p1$$ed me off.

Looking at it overall, I think we are on a recovery path. 3rd quarter will tell the story.

KKW