Ann: Quarterly Activities Report , page-6

Yeah in reality it's all looking pretty good IMO. I only just read that fin review article (20 April) and all sounded very positive. They were saying it will cost about $2 million for a new gas plant and that will save us 11% offcosts on sales, ie translates short payback period & worthwhile.

Whilst I am pissed off about the mates rates CR, there are still massive positives associated with it. We now got buckets loads of cash and getting the insto's on board will increase our exposure which is critical.

Now we just need to start building some momentum and move forward to the next phase...

Hopefully that will be happen when Chernetska finally spuds and production increases.

In 3 to 6 months time, 38 cents might look damn cheap!