Ann: Quarterly Report and Appendix 5B, page-38

I’ve decided to jump - the Directors fees, as well as the constant delays, have brought me to this point. To pay off the loan by 30 June they’ll need to raise, and using history as a guide that offer won’t be extended to existing holders but will be given to Paterson’s who will then allow a whole bunch of their clients a quick profit.

The constant ramping in these threads is another factor, especially as Monark has proved to be quite prescient with his predictions. Whilst I don’t understand why he takes so much interest in a stock he doesn’t own, I appreciate his contrary views in TEG. I was free carried post the Xanadu drilling, so i’m not too disappointed from a financial perspective, but I held because I believed and it’s disappointing nothing will come of that.

I’ll keep an eye out though, and might re-enter as 3D results come nearer.

GLTAH