Ann: Drilling Update Wolfe , page-6

I sent an email to Graeme last night aboout the oppies and here`s his reply.

Yes l did state they AQD were sitting on pile of cash and there was no urgency on the options to be converted.

Money gone l`m afraid.

Hi Malcolm, thank you for your email. Unfortunately options are unable to be extended under ASX rules. As with all options it would be nice to get them in but as you correctly stated we don’t need the money at this point in time with over $23m in the bank, and they would be dilutionary. I thank you for your support and patience which I can understand wears thin from time to time. I can assure you we continue to work hard on our projects which because of their provincial scale are high risk but high reward if and when they come off.



Thanks again for your support


sentiment : sad