EGM, page-52

From my perspective the games Todd Corporation plays cannot continue. They have a date - they already have an ?18 month extension with the State Railway Bill which cannot be renewed - and they only have the luxury of stalling the project for a very short time more. Todd Corporation (Flinders Board) thought they would have Flinders every which-way by now and they don't.

Meanwhile Tenders for the Balla Balla are advertised; work continues; the BBIG has a Karratha Office for the progress of the BBIG Project.

Why does Todd Corp want to own the whole of the PIOP if it is worthless. Come on!

We are all losing money but we can wait - that is the only alternative Todd Corp has given us - but can Todd Corp wait?

Simply we all go $down or we all go $up.
We must stick together - that is our strength - and we are a considerable strength. Supporting us we have the heightened interest of ASIC; and ASX will be very mindful of us, too. The media is interested and politicians are interested so we are not in this on our own.

The move to privatise Flinders Mine for the benefit of Todd Corporation remains a very retrograde step for the Todd Board.