8 convertible notes - something strange here.

when the company raised a few dollars from a convertible note issue, there was no trading halt.. there was simply an announcement, that the company had issued 15 convertible notes, for $50,000 each, which raised $750,000.

winchester (Post #: 7261019) on 7 oct made a strange post, where he mentioned the following

"and had over a $1,150,000 in convertable notes in the last 2 months "

at the time of that post, the company had only announced $750,000 worth of convertible notes. $1,150,000 is an extra $400,000, which seems to be about 8 convertible notes of $50,000 each. (which seems to be the figure mentioned in recent reports about the suspension)

winchester, in the same post, also mentioned the following

"The fact that they have lost a portion of the tenement package"

at the time, there were no company reports to indicate this situation, but a few days later, a report was released, indicating that there was a bit of a problem, over a few tenements. it seems that these tenements, require $1m,to convert the option

everything seems to be changing here.

on 14 september, the company announced the appointment of csa global, who were to provide geological consulting services.. does that mean, that the previous consultants (ie rod dale), were no longer required. in that report, mention was made, that drilling would be done in october.

anyway, there have been rights issues announcements (also withdrawn), trading halts, suspension from trading, management changes, request to call a meeting (to elect some directors) blah blah.

has anybody noticed, that the notice for the agm, asked shareholders to bring "this letter, to facilitate registration at the agm".. mmm does that mean that none shareholders (eg the press) will be excluded from the meeting???.



for crying out aloud, these tenements cover a miserable 11 sq km. the tenements do not need $1m in management salaries, and then payments for consulting geologists (who advise the "onsite" contract geologist) etc etc. this show needs nothing more, than a part time, managing director (with the required geological qualifications (ie qualified to make jorc announcements).

all meaningless, because it is mined out.