Ann: Letter to Shareholders , page-3

Sp, it will be very interesting to see how this pans out. I must admit i still have my doubts, but i'll be happily proved wrong if only to get the opportunity to get a few pennys back....

As for whats left, if i get time i might try and research what remains after the various sell offs. Would only be a couple of tenements in qld i would think, and would imaging that they would be the ones where little or no results were obtained during matrix's time - therefore were of little 'sale' value.

Anyway, beggars can't be choosers....

Have been through a similar situation before with another small explorer cum miner undergoing recapitilised after administration, & the dilution was 1 for 15. It will be interesting to see what they come up with.

I'd also love to know who are the remaining creditors? Surely Glencore would have been long gone by now. Might be worthwhile a phone call to our friends (??) at e&y.

Good luck to all.

Cheers,
Mac