this maybe a disaster in the making....

Number of shares subject to buy-back
As at 4 October 2011, the Company had 281,268,455 fully paid ordinary share on issue.
On 24 December 2010, the Company announced an on-market share buy-back for the purchase of up to 30,403,090 shares
representing 10% of issued capital. The Company now wishes to buy-back up to 100 million shares, representing approximately
35.6% of the total issued share capital as at the date of this notice. If the buy-back is fully completed, the Company will have
173,627,815 ordinary shares on issue.
The Company will offer to buy-back shares on-market through transactions on the Australian Securities Exchange (ASX).

---------------------------- of importance is below-----

Since an on-market buy-back involves shares being acquired at the market price of shares at that time, it is not possible to
anticipate the value (and therefore the number) of shares that may actually be bought back and cancelled. As a result, the
Company is not required to buy-back a specific number of shares or a minimum specified value of shares over any period.
The Company will cancel all shares that are bought back and reserves the right not to buy-back any shares at all.


IF THE ABOVE IS APPROVED THE COMPANY IS OPEN TO BUYING BACK SHARES WHEN AND POSSIBLY WHATEVER PRICE THEY WANT

VOICE YOUR OPINION AND CONSIDER SAYING NO: WHY?

IF YOU ARE IN THE INTEREST OF THE SHAREHOLDER COMPANY SECRETARY YOU MIGHT LOOK AT THIS AS SAYING PUT YOUR MONEY WHERE YOUR MOUTH IS BY.

1. COMMIT TO A TOTAL QUANTITY / NUMBER OF SHARES

AND

2. COMMIT TO A TIME FRAME FOR THE BUYBACK OF SUCH SHARES

OTHERWISE NO DEAL

moderators the caps were on to VOICE my opinion and disgust at the companies efforts to look after their own interests

!!!!!!!!!!

VERY UNHAPPY HOLDERS