Everyone that is considering taking up this offer please be...

Everyone that is considering taking up this offer please be aware. If you havent done the maths please do so. If you Take up the shares in full and vote for consolidation you are attracting a huge number of DT to the stock. We have been here before and it is one of the reasons the stock is now worthless. Management does not care about your investment. They are here to support there sophisticated undisclosed investors as they have for every CR they have raised which has resulted in the stock being over diluted and at the bottom of the SP ladder. If any company was serious about raising the value they would improve the worth first and then announce a CR to raise funds at a higher value and less shares. This will then attract long term investors which is where the strength is. not DT. They wouldnt dilute 100% and then consolidate. This will mean that every investor that has paid above the current level will loose their investment. Once they dilute and consilidate the sophisticated investors will sell out immediately for a 25% profit. DT will rush to sell forcing the SP down to 2c in no time meaning every sale will be at a loss. There is no profit unless they have a substancial announcement to puch it up which they wont. If you dont take up the offer you could be looking at up to 60c per share to get a return on your investment. Its the long term investors that have allowed this company to continue and management is spitting in their faces. I have been involved in every CR for thei company for over 15yrs and enough is enough. I have contacted ASIC and requested an investigation into the practices of this company. If you do not agree in what they are doing then you should also. ASIC needs to sign off on it. If there are enough complaints they may not.
Vote no to the placement and vote no to the consolidation. Management need to do their job and produce a viable target before asking for more money. They have $3.5M and there maybe another payment coming from PNG. They have no right to punish SH for their failings by killing off all the LT investors and investors above 1c.

GD