Ann: Half Yearly Report and Accounts, page-8

Hey Ragger

They mentioned in their response to ASX of possible CRs in the future. If these 830m shares were sold even at a 50% discount from current price BPG could have gained $4m (assuming people wanted to buy them).

That would bode much better than issuing to themselves at no cost.

Interestingly however, (check the appendix 3Y);

20mil of the 30mil given to Yano Lim were then allocated to Fernjewel Pty Ltd... one off his pals?? It may be hard to get those back, the other 10mil went to his SMSF, again, probably difficult to retract?

Maybe, one could hope, Fernjewel Pty Ltd had some agreement / deal to help BPG for this 20mil freebie? At current SP, that's like a gift of $180k...

Just speculation, don't read anything into this than just my own opinion / thoughts.

Cheers
MSN