HiI have watched this unfold from last night and I cannot...

Hi

I have watched this unfold from last night and I cannot imagine what possesses these people, unless they're in an almighty hurry to get this through. If they had done the normal thing and allowed market forces to determine the t/o price for Gujarat, by now there would be a lot of buying and selling going on - they could also be making money on the sharemarket if they so choose. Instead they've alienated a great source of ready money, probably should have been asked questions by ASIC, but that may still happen.

I am now in the position where I have to decide to forget about this daily annoyance and take a $3000 loss and, or pay up for my options and ride this out and worry on a daily basis what they're going to be up to next. There is certainly a lack of professionalism, and a contemptuous/paternalistic attitude towards investors/traders.

I notice the Hon. Neville Wran is also a non-executive director??? Is this to give them some sort of credibility?

On paper it is a bona fide business, and there is coking coal in their portfolio, and India has need for it, so why are they carrying on like naughty schoolboys?

I am amazed this can be carried out without ASIC waking up - they're useless.

Taurisk