Share offer, page-10

Not sure why anyone would pay .006 on the open market when you can purchase shares directly from the company at the same price. Doing so might help the company raise sufficient funds to keep the dream alive.

We will have a clearer idea of where we stand when the company reports the quantum of funds raised through the rights issue.

Hope its $600,000 plus.

I also think the company should provide an immediate update of where its negotiations stand over the DRI plant. Also what about the mooted $1.2 secured notes issue (refer Annual Report) - to whom and on what terms?

Surely there is something to report. Its been weeks since we got an update.