Ann: Non-Renounceable Offer - Extension of Close Date, page-3

@Drugo they can present a major new discovery and that will not convince Shareholders to take up entitlement or move the SP. Our drilling to date has been exceptional, if we were not producing and just drilling our SP would be 5x where it is at the moment.

To get retail to take up entitlement, funding approval is the only option. I'm hoping the extra time is to allow for funding to be finalised and announced.

The market has already let the board know loaud and clear what they think about the millions spent in drilling thus far. Mr market is basically saying who give a rat's, show me the funding!!!

Major holders looking very weak at the moment, allowing this to trade below rights price. No strength!!!