Consolidation - Possible Master Stroke, page-22

About another 800% and some of us might break even, and we are not talking just a few dozen thousand.

5 points I would raise.

1. After consolidation, your ownership in this company remains the same, no matter if it is 1 share or 1 million. The number of shares is irrelevant.

2. The BOD suggested drilling old NRG well in June, that appears to have not happened.

3. If they have already, they have continuous disclosure rules and cannot wait for consolidation to tell us (at this rate this company works, probably September)

4, The consolidation to get back to 50 mills, looks like fooling in more US investors to get a new CR and issue another % of the company (up to 100%)

5. If they do something, yes, we may get to a MC of A$100 million, and maybe the options can be exercised next year and not have to do another massive dilution. But "trust the BOD" is simply not enough today.

Thats why we are worried.