Ann: Extension of Pro-Rata Non-Renounceable Rights Offer, page-7

At least the director has seen the light and realised that no one was going to take up the offer if the Scoping study wasn't announced to the market, now this has been clarified, and at these levels it might be a positive buy?
The Joint Venture
partners are hopeful that the outstanding issue will be resolved shortly, at which time an
announcement will be made on the Scoping Study.
Conico is of the opinion that all Conico shareholders should be provided with an
opportunity to consider the outcome of Scoping Study prior deciding whether or not to
take up their respective entitlements under the Rights Offer.