Ann: Share Purchase Plan and Application Form, page-149

Agreed! If they don't give us environmental approval (assuming management have complied with specifications) this month then they just make themselves look like idiots. They say they want investment and jobs and CXO are keen to give it to them. Then again, didn't I read that Energy Renaissance have been stuffed around for three years looking for a site to set up? Perhaps the NT Govt is in a financial mess for a reason. Maybe that's what the current sellers are betting on - that we'll be knocked back for some flimsy reason and the SP will crash. They're selling for some reason anyway. At 4.1 or 4.2c it surely can't be to make a profit by buying in the SPP. Anyway, I read in the document that if oversubscribed they will look at who has sold since 4th June as one of the deciding factors as to who may be scaled back or miss out. There's certainly no carefree ride as a CXO shareholder, that's for sure!