Ann: Acquisition of Coal Licences in Mongolia Upd, page-9

re: Ann: Acquisition of Coal Licences in Mong... Punters,

Ok, one step closer.. Thank goodness..

Now we all like to stick to the FACTS dont we?? Perhaps Sunrise will even return when he decides to join Le Club.... So are a few key points to remember for the next few weeks/months (all in my opinion of course!)..

The possibilities...

Pay careful attention to the timetable: Note, this timetable may change, but unlikely given that CEO has limited cash

1). AGM is Mid-November - 28 day exposure period required for the document, relating to the shareholder meeting component. Take mailing, printing etc into account, this points to the document being complete (announced) by first two weeks of October ie: three weeks away.

2). Approval will be sort for the following: Share Consolidation, Placement, approval of acquisition, new board or shareholders over 20% etc. Given timeframe we should get this info within three weeks

3). Structure - A bet here on CEO (in the next three weeks) is anticipating that management can pull off a deal at a premium within the next three weeks... Unlikely in my book, but good luck if they can!

4). Wildcard - Is a corporate or cornerstone shareholder taking the bulk of any placement, potentially at a premium. Again, in a different world i would say possible - In this market, unlikely, but always a possibility.

5). Suspension - Expect stock to be off the boards for at least 2-3 weeks minimum waiting for all clear from ASX/ASIC post successful meeting. Agreed drilling unlikely until next year, anything earlier is wishful thinking given company has no $$ for starters..

6). Conclusion - My opinion only of course, just a wild prediction (for fun):
- 1 for 25 consolidation, raising $16m at $1.00 (15m new shares)
- Equivalent to placement at $0.04 raising $16m via issue of 400m shares.
- I will offer myself a 10%+/-
- Wildcard remains a corporate at a premium
- Stock off boards for 3-4 weeks from mid/late Nov

Goodluck punters