Ann: Essential and TLEA to enter into Scheme of Arrangement, page-120

The question on the likelyhood of the Sp going back to 30 cents......My answere to ,the likelhood ... Chose...Strongly dissagree as if it does its way undervalued and won't remain there so if management get of there ars into gear and move the project ahead then the value will be realized as it was when CXO continually moved there's ahead through tougher times than today.

The question on exspected dilution bringing on mining.... My answere....Let them know dear that I was in cxo from 10 cents down to 1 and 1/2 and they had around 8 times more shares than ESS but as they moved ahead with port agreements, mining liscience Offtakes value was realised and with all those many shares they still didn't borrow but diluted with a raising to pay for the Job to be done so if this boared got of there ars and moved onward to mining and starting with around 250 million shares they would be able to raise the costs at a much higher SP than CXO and not dilute nowhere near as much. Once the steps are derisked ...the SP rises.

Tell whoever I've Been there and done all that with CXO and this company could do it all again but but we seem to be stuck with a board who want out with all there granted shares rather than be ostresized for selling on market to raise some personal spending capital.

I would have to admit my answers were there abouts as what I have quoted as the questions i had to ask for them to be repeated as they are a bit hard to grasp.