Ann: Revised Terms on Corporate Transaction with ERM Power, page-40

What is truly dumb is really those shareholders who want to be absolved of their own investment decisions. I bought in my average is around 1.3c after buying more and averaging down. So what - I cannot blame ERM for the company's performance. Let's not lose sight of who carried out the 97 cap raisings or the fact that ERM have nothing to do with the present number of shares in issue. If you want to take a brick to those that spent the money it has to be the past boards not this one.

I bought in because I thought I would have a big winner - now I am faced with the reality that that is never going to happen and I have to decide whether to brisk more or go home. I have not made any decision yet. However the money I lost I lost believing in the previous board. There was a bit of greed as well thinking they had a great thing developing.
Today my investment is 0.6c per share anything above that is a bonus. I want to drill but for that to happen we need funds I will probably follow my rights because I can cope with that - I think we can do better than in the past.
However to think that ERM owe us a deal that is better than any other on the table is just outrageous. I think that they have done more than they should have already we owe them money. Not a good idea amongst shareholders. We are now vulnerable. Where has all the anger gone re renewal of contracts for CEO last year and how the money was spent. Really expected better from this forum that was a lot more street smart given the 249d the lawsuits against shareholders etc.
To compare present board to what we had is an insult in my opinion. These guys are doing their best and we can refuse to reappoint them. However to dream of recovering your investment cost is really just not what investing in explorers is about.