Ann: Letter to Shareholders regarding Notice of AGM, page-21

It won't work right now. BOE is a different level to TOE, they are about to produce and have very little constraints (if any) as they entered this latest U bull period. We are dependent on the WA Gov and a pro Uranium environment in WA. There is clearly more time to wait for this to take place, which unfortunately means more time for additional sell offs as the waiting game and fickle market full of sellers continues. This is not the time to consolidate. You do it once approvals are all shored up and there is a constant stream of positive newsflow coming up so there are catalysts to continue positive momentum. I guarantee you, if they consolidate any time soon from around 1c to around 50c, then it will just get sold back down towards 1c and we will just get more and more diluted and lose plenty more cash. Already happened to me for BML and AIS. It is a recipe for disaster unless the company has a clear run in front of them like BOE did.