Ann: Saxby Exploration Update, page-11

Unfortunately I’ve seen it before with consolidations , unless a major discovery happens everyone will lose money because shares will continue to drop , whereas with leverage as we had before consolidation we had a better chance of holding our value , the only advantage now is that because less shares on market it makes it easier for management to issue more shares to raise more money to pay wages , continue exploration ,working capital etc , long term share holders have and are losing big time as I am , what did Ned Kelly say before he was hanged “ such is life “