should one write to the asx?, page-4

today,

I like you am far from happy with the current SP and certainly look forward to the day it is back to 50+ cents.
But it seems to me that some posters are overlooking the fact that the Directors have extricated the company from a precarious situation involving the coal leases in QLD. The end result seems to be that Wavenet has gained a significant assett in CLR shares; with cash from sale shares of $5 Mill and still with 17+ mill. shares valued at around $20 Mill.

True, the recent drilling on the coal leases has been disappointing but it is to be hoped that they do eventually discover a commercial resource. In the meantime I would expect they are very keen to prove up the Indo gold project. When and if this happens ( I believe they would be pushing ahead with this project) would hope the announcements will attract market interest and drive SP to a level we will be happier with.