sfshamthe table i included was to look at the bk val. in both...

sfsham

the table i included was to look at the bk val. in both AUD & $US over the last 2 years.

from comsec and this fy report the bk. val. at 30.6.2009 was $A0.48. at 30.6.2011 bk.val.was $A0.274c. = -43 % in 2 yrs.

the $a to $us has risen from 80c. to 1.05 over the same period = a loss 31% in $a. value (i think)

so there is just a 12% loss in $a in bk.val. over 2 years.

guess i have got it a bit wrong.

still with all the company's figures relating to remaining assetts, provided at the time of the sale of the white eagle project, and the recent offer of $a0.33c. one would have thought that there would have been a substantial increase in bk.val. rather than a 12% decrease over that period.

thanks for relating your communications with management.
the response you received dosen't seem to inspire much enthusiasm about future financial gain from the stock, does it ?

gk.