not long to go

Hi Guys

Been dead quiet here of late, From my calculations we are not far off the spuding of the well at silverwood? Mid June I believe was the new time frame. So we should only have around two weeks now until the Spud and i think we will start to see alot more action and trading on AUJ and AUJO.

I was also wondering what other holders thoughts where on the CCF rights issue. Looks like a good deal to get some healthy intrest on the money the company has sitting in the bank. A 12% return per annum and its paid quaterly, with the option to convert to shares or money back after the agreement ends (see figures below). Couldn't see for how long the finace period was for though jsut states the funds will be used for the planting season 2010 to 2011.

10 notes worth 100,000k each) = 1,000,000 x 12% = 120,000k per annum

Anyway GL to all holders, not long now

GB