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Goodnu,

I am assuming that your comments have been directed mainly towards me, although there have been a number of others who have raised similar points. Your post was extremely hard to read for a number of reasons firstly your shouting and secondly a lack of punctuation. As an aside it is interesting to note that you refer to me as a recent entrant, strange point given that this is your first post, or perhaps under this name.

I have been following this episode since the beginning of the administration and felt that it was time to raise the points I did as none of these had been addressed in any real detail to date. There has in my opinion been a certain amount of simplicity shown “pay your money to Pinder, get the DOCA approved and we are back in business and as shareholders we are saved”. It is unfortunate that you interpret an attempt at robust discussion to expand on this as a ploy! I thought the purpose of this site was so that we could have a balanced and well informed discussion.

You have continued the repetitive catch cry which I have seen all though these discussions. Firstly, if you do nothing you will lose all your money however, you have not given us any reason to show us why putting in more money will save our existing money, and more importantly return us our money. Is one guilty of scaremongering by telling us “if the Pinder bid fails Shareholders will get “Nothing””?. Secondly, you have played the national pride card, by arguing that it has to stay in Australian hands, this coupled with the catch cry of “keep it out of American hands”. I have to complement you, and the other supporters, on your consistency on harping on these two points only however, I think we also deserve slightly better reasons than these. While not being one to denigrate Australian management, which I consider to be the best in the world, one has to suggest that we have not seen a lot of success, in this case, whilst under Australian control.

Thank you also for your underhanded complement as to my points as being educated and some having some validity. However, I am sure that some interested parties may be happy for you to respond to the points raised, as strangely this is the reason that they were raised, and as I have said I am happy to stand corrected. Please show where they were misleading, was it regarding the corporate, financial questions, or regards the DOCA given that my points are based on the current available information? As you must be aware a copy of the DOCA is freely available on the Administrators’ web site and yet strangely some of the more ardent supporters here claim not to have seen it.

Since when has been inquisitive before committing funds, in the light of no documentation, being deemed as actions “by an unfriendly”? In fact it the attitude of just put up the money, because I/we have said so and trust me/us as I/we know that they (?) know what they are doing, is the very thing actively discouraging me to put in any funds. Maybe on that basis, you are correct I am being unfriendly by just not co-operating!

I understand that you and the syndicate, whoever they may be (even you are not one but you are are quick to come to their defence) are working on a revised DOCA. This is as you point out should be kept silent as long as possible. However, it will be made public to those who actually decide the fate of the Company, which sadly is not you, nor me, nor us as shareholders as a whole, but the Creditors.

You may have also inadvertently forgotten to mention that the creditors are not obliged to accept either DOCA and could just place the Company into liquidation, so there are actually three games in play and two of the three are not in our favour.