comments regarding substantial holders, page-5

I agree with you flevine - gee that must be a couple of times today. Thank goodness for some common sense here.

My point about taking up the rights is that at least you are keeping your share of the company at about the same percentage

The second point is that with this provision of a shortfall pool which can then be offered off to institutions (?) or big shareholders (?) then there is not going to be a shortfall in the capital raising. Yes NEO will have $ 6 million in kitty. So it will be very unlikely for the share price to fall any lower than 6 cents (IMHO) which it would have done if the money raising came up short and created another negative for the company.

2008 is going to see several of the new prospects that the SJJV has been identifying, actually tested by drilling. Three in 2008 and more in 2009.

AK knows that results have to produced in 2008 and as quickly as possible. If it doesn't happen then the chances of having any supportive shareholders left is going to be zilch.

I think I would prefer to give it one more roll of the dice and take up my rights at 6 cents to gain 50% more shares than regret that decision later.

A few weeks ago I might not have been advocating that but the "shortfall pool" has changed my mind