Ann: China UCG Projects Update , page-15

Hi Dex - I held today - their intellectual property and all the intangibles give me hope for the share price where in time, the next placement may be above today's price given they are now in China. I'll give them a few months to get the SP up where it could be even though it now has 1.1b shares. It's a shame they can't begin again via an IPO at 20c with few shares on offer for o/seas projects, as it would've taken off. Hopefully they can bypass any convertible agreement.