Ann: Results of Meeting , page-8

Hi LS29.. Good reply.

Lots of reasons why s/p is not moving ... they include..

> current market around the world
> market price of plat $870
> $1 price was possible 6 mths ago,but not now
> board has not been able to add value to s/p and they are not highly regarded as being competent by peers and brokers (and even many s/h)ie just deal makers who will deal with anyone to achieve their goals
> tightly held shares, look at top 20 and what they own,lot of their croney mates who are in the know
> some dodgy people involved in the past,now(s/h) and around them..shemesian,landau(cfe dir),khouri(see igc top 20-gun mgmt)not to mention,mick gatto(big player in "underbelly") and others

It's hard to been seen as good guys when you run with this pack... you finish up with fleas !!

Some more good reading on the crew on HC ..CFE

TS may be trying to clean up his act by fighting the bad guys and what's going on in cape lambert...a bit of a power struggle on to gain access to our $220 + mil and where it will finish (or who's pocket)

It's very complex and all 3 co's (cfe,igc,gfe) are suffering with s/p because of some of the above circumstances and associates with lge s/h'ings and their very behavior and nature.

All dir and lge holders are too close..one s/h mentioned to me that dir of cfe (landau) is also a dir of knwe and is doing the t/o of igc for nkwe, may be all kosher, but he is too close to to all 3 co's and the deal !

Guess if you paid less than 50c your ok, but over that,your out of pocket ! ............ regards to all ... MUFF