time to trade in the directors

I spoke with a concerned shareholder today who decided to call a director to obtain answers to what were some very good questions. The most important question, which we all want answered is, "what are the directors going to do in this instance to maximise value for their Aussie shareholders?"

Neil Stuart told this shareholder the words that no shareholder (and certainly no option holder) would want to hear. That this director was going to SELL THEIR STOCK AT 14c. Further, that "the options are worthless".

This is a most unethical statement. On what information has he based this decision? An independent expert report is yet to be formulated. Who is Neil Stuart really working for? Shareholders certainly believe their shares are worth more than 14c as NO ONE IS SELLING

This director went on to blame proactive shareholders for spending all the company's money so they would have none to drill with. This is blatant misinformation and dishonest slander.

If Bowen directors honestly cared that much about budget efficiency, they would reduce their excessive salaries - OR - get off their butts and actually do something - preferably something that would benefit the shareholders they are meant to be working for and representing.

Instead, they have chosen NOT to fight for shareholders the way they should - which could only mean they are NOT independent.

Just for the record, the proactive shareholders are funding their campaign via a funding source independent of the company. If Neil Stuart would like to contribute to this fund, it would be the first positive thing he would do for his shareholders. But as we all know, he doesn't give two smells about us so this is wishful thinking - besides, he wouldn't want to do anything to upset Daddy Bhushan or he'd cop a belting

It's hard to comprehend such shocking behaviour. Neil Stuart has left the party before it's even started. Just because he has "health issues" doesn't mean he should treat our company like one. The real health issue is the oversized burden in the form of these two overpaid directors who are yet to deliver ANYTHING that will satisfy and reward shareholders for their loyalty.

We could take these directors to Cash converters and try to trade them in, but after their performance (or lack of) in the past 12 months, no one would want them. SO let's just cut them out all together. And don't worry about the Indians, as that tumor is copping more radiation than Hiroshima and Nagasaki combined

Stay tuned holders and keep your cool - the heat is about to get turned up a notch!