agm, page-5

Chillo,

In your opinion after going to the AGM, do you get a feeling that if no further ann are going to be made until January that JT and co are not concerned that the share and option price will fall in the meantime.

I feel as a major option holder, that they would love to pick up the 15mill options at 20c if they are not all taken up by 31 Dec 06.

One way to ensure this, is to hold off any good news till the new year, and hope in the meantime that some option holders will be reluctant to excercise their options due to the share price falling off.

Just a theory, your thoughts or anyone else would be appreciated.