Ann: Dartbrook Coal Mine Update, page-5

keep on dreaming, now the wheels have really fallen off the cart. AQC have only got $600,000 in the bank and still owe 10 million on the purchase of Dartbrook. SNR quite wisely bailed out of this highly risky venture. As mentioned previously, the locals don't want yet another filthy coal mine on the edge of their town, they have seen how Muswellbrook (10 kilometres south) is now virtually surrounded by dust producing coal mines. The previous owners of Dartbrook Anglo American who were experienced coal miners couldn't make it work. Anglo American also failed to get an extension to their Drayton South coal mine. They failed because of the adjacent horse studs. Aberdeen has heaps of horse studs and they don't want dartbrook to re-open. One of those horse studs is Godolphin. The owner of Godolphin is His Highness Sheik Mohammed bin Rashid Al Maktoum who is the Prime Minister of the United Arab Emirates and the ruler of Dubai. When push comes to shove, he who has the largest wallet wins . the oil sheik versus the pearl divers. In my opinion AQC are headed for liquidation and the shares will be best off on the wall adjacent to the w.c.