RESULTS AND REVIEW OF ACTIVITIESThe loss after tax of the...

RESULTS AND REVIEW OF ACTIVITIES
The loss after tax of the consolidated entity for the half year was $863,462 (2009: $246,382).
The view of the Directors is that the Company and consolidated entity is operating as a going concern.
Although revenues from its optical business are minimal during the period and the consolidated entity?s
operating activities remain modest, costs have been incurred that relate to the review of other investment
opportunities.
On 15 September 2010 the Company appointed Mark Earley as Managing Director to support the
investigation, review, assessment and development of new opportunities with a particular focus on high
quality coal assets. The Company has focused its efforts on Mongolia and Indonesia which it considers to be
highly prospective target areas for potential projects and has structured in-country resources in both countries
to assist in the review process.
Specifically, the Company has identified a number of target licenses in Mongolia that it believes fits with its
investment strategy.
Discussions have also commenced with local parties in Indonesia, with a number of licences currently under
review.
During the period the Company completed a renounceable rights issue for 197,868,405 ordinary shares to raise
$1,582,947. The funds raised by the rights issue are being used to supplement working capital and review coal
industry opportunities.