looking at throwing some money on the table, page-9

Hi Sandy

Today will be interesting. I've received my shares now from the rights issue - as I suppose most others have.

So the rights issue shares are tradeable though the options still are not. Will the additional shares make any difference to the market?

Will be keen to see if anyone wants to sell down for a quick out today; from previous moves however the stock is tightly held. This can be seen in the sell queue - less that 1% of the companies shares are available for sale right now.

The company is now worth considerably more than it was a couple of months back now that its projects are further progressed and it is fully funded - most likely for the next several years with the options coming into play.

However the share has now been diluted - more than 2 to 1 if you count the options and that some investment money will go into them instead of the shares. So - what's a fair market value?

Tough call - I think well above 1 - 1.2 cents per share, but if there are people who want to exit you'll get your allotment.

Cheers