john cahill on brr today, page-19

Hi GK

As I see it, from both a shareholder and optionholder point of view, not offerring a bonus issue to both optionholders and shareholders is a bad move, as it disenfranchises a large pool of potential investors. Nothing would be lost if it was done on a 1 for 2 basis for all shareholders and optionholders and set at a price of say 10c. Money would be useful for further project commitments and the investors (new option holders) know the compnay story and would fund it. But now we have a situation where I as a shareholder and optionsholder are frustrated, because I will see no value out of my option holding. They will lapse as the compnay has been in suspension for 12 months. This is not my fault this is the companies fault, that is why I reckon they should offer a bonus option offer to shareholders and optionholders alike. Keeps everyone happy and provides the company with future funds. At the moment we have annoyed shareholders and optionholders who never want to hear about GBM again.

If they don't look at it, I won't be giving them another dollar and will simply dump my shares when it starts trading again and put my money in some other goldies where I trust the management. GK, there are plenty of good opportunities out there now, if the management don't do the right thing, just put a big X on the company. In my view GBM need to earn back our confidence anyway, and not doing the right thing by the optionholders would have been a good start.