fall from 35 to 1 cent, page-2

Premium on acp 22 and north sea assets. We sold north sea during(GFC) - thats cool waaay to high cost/risk for a company like us.

AED are exploring other areas in acp22 so puffin royalty is no longer being received (at the moment - i think it has a future in some form)pretty much nill value in current SP.

has been a dilution - DYORon that (issued cap and excersisable options for ord shares)

Same shareholders, different management Peter got involved as an exec director (a good thing) M Fry came onto the board (proven track record).

We have derisked and refocussed. basically we lost some fat and got lean and mean.

Theres a major rerating of this company in the making. 30c+ are feasable but arrowsmith needs to come good.

for the time being all eyes on red hill. t-1 day. we should have some sort of new tomorrow - at least they should have reached target drill zone and continuing through the TD.

good luck holders!!! DYOR

redhill will give added legitamacy and bolster sp for any further cap raisings.