Ann: Results of Meeting, page-11

T, E have to pay $0.10 before they can play, so no dilution. In fact is should be seen as a potential higher capital raise in the near future than the prior raises with and additional bonus of a pair of investors who will work hard to promote the share price in their networks. Their potential profits are huge IF they can run the share price above $0.10 and convert their oppies, otherwise they get nothing. They have a 3 yr window to convert.

For me The SP will stick at $0.10 or near abouts until positive drilling results come in. Above $0.10 we will need the $$ from T& E to finance more drilling in the near term.

I luv oppies from a shareholders point of view, IF they are priced correctly. I think at $0.10 it is a great price. Fair for all i reckon.