Ann: Placement, page-6

The significant minority interest has been diluted and that is a positive. The cash will fund them for a further quarter leaving them with cash sufficient to take the to 31/12 if need be unless the drilling becomes more expensive. There is little or no point in mourning the money squandered in previous years achieving little or nothing. If we are going to get any of our money back, they will have to keep going and that is going to mean further issues for cash and dilution for us. My previous dreams of multiple profits evaporated a long time ago. Getting my money back or achieving a moderate profit is my current target. I need about 16c to b/e, so there's a long way to go.