Ann: Letter to ineligible shareholders, page-6

As a shovel ready project with clarification of the new legislation as it impacts the projcet,Saddle Hills has a real value and
I expect there are buyers that will be interested.KDP would have spent at least $5 million getting it to this stage.You would think this has to be the easiest project to sell and provide tax free income.
In the meantime the board might think about applying to the ASX to list the options.
With about 18 months to run the options will have a value and will be attractive to traders.
You might see the options trade up to 0.5 cents if the share price does run to 1.5 cents.
It will also produce increased trading as punters sell options and possibly buy shares.
Once again the board has shown its complete disregard for something that might be beneficial to
shareholders.
The real joke though is on the major shareholders who would be the main beneficiaries of the listing
of the options.If KPO shares were to go to 2 cents in the next 6 months they could probably sell their options
and probably cover the cost of the issues.Why would you not want the options listed???????