resolution 3, page-6

Interesting debate.

As someone who held both (in roughtly equal $$$ amounts - obviously means more oppies in numbers) I might throw in my 2c worth (it will be as biased in favor of the deal as Rupe is against it).

FOR

a small amount of cash for nothing - $700k for something that is worthless at the moment - please don't lecture me on option valuation theory - they are non transferrable and not tradeable. If you don't have the cash to excercise them they are WORTHLESS and they still have to get above $1 as well.

They are WELL out of the money - almost double the current share price - there are many companies shareholders that could only dream about being PAID and then being excercised with a massive amount of cash rolling in the door - basically IF they go in the money there will probably be a progressive excercise over time - I'd like to see the bittching that would go on here when the SP got to $1.50 next year and then was smashed down to $1.25 only to see a placement done to raise cash at a 20% discount to insto shareholders for $70m . . . . at $1.

People go on about dilution but the only people excercising these are those with the cash to do so - my guess is you might end up with a concentration of ownership ie the people taking these up are able to excercise them if there is a good reason to - and might keep them.

AGAINST

IF you are absolutely sure the SP will be above $1.25 to $1.50 area then it might be better to wait and raise capital later.

You have sufficient disregard and selfishness that someone who was a comrade in arms or a brother in Range is to be tossed out ASAP.

Rupe can fill in the rest of the againsts but generally speaking decide for yourself - I personally would vote for even if I didn't have options because I like seeing people make $$$ and frankly I have not been that impressed with Rupes behavior - ironically for his military back ground I have discovered he is not someone I would want watching my back or in the trenches with me - 'Scanners' has done far more for both share and option holders over the last 2 years and been crucified for it.

What is probably going to happen -

I isn't hard for me to transfer head holdings into a name that is not a beneficiary of the options and therefore vote validly - I already hold in other names so some of my votes will count regardless.

Assuming 50% of people don't bother (it is usually more) and 10-20% are ineligable that leaves a total group size of 30-40% leaving Consort the majority holders - all they need is Consort,Tudor & Tosca to make sure - somehow I think they would have checked their intentions unless this is all just smoke and mirrors to stay the legalist among us.

In the end you can vote all you want but the deal has already been decided - I don't know which way but it will not be swayed by the smaller holders.

Good luck all - I hope we all make a fortune - frankly I don't care if it is $1m or $2m or $10m as long as it has an 'm' in it I'd be happy.