Ann: STX - Macquarie Energy Equities Series Presentation, page-274

Hey mate,
Normally I'd agree with everything you've said, but 80 mill or so raised was meant to be fully funded for a full 12-18 months worth of drilling and SN saying it was needed as they planned to be the" most active explorers in Australia".

Now it looks like a third of that money is gone toward 8% of a dying company that nobody actually wants.

i have a feeling we'll see further share dilution in the next 6-12 months.

It's going to be an interesting time going forward.

I am a moron though so take what I say with a grain of salt.