Ann: FUT: FUTURE CORP TO INVEST IN COAL SEAM METH, page-17

re: Ann: FUT: FUTURE CORP TO INVEST IN COAL S... Thanks for your reply davo, in response -
1."Woodchips
You are hoping not basing your comments on facts....
"...by then they will have proven up their resource"

answer - do you what they will doing in 18 months time, I don't, and yes I am basing my comments on what I hope will happen in the future not now, I try to invest in companies that will ad to shareholder value. I feel that the involvement of Moaming & the changing of the board is for the good of the company.

2."are these new reserves you are expecting to support the companys shareprice expected to come from the assets that have just been farmed out and valued EPGs holding at roughly $5.5mil????? I would say that the price reflected that those projects were high risk in which case pinning your hopes on success here is misplaced...."

answer - No, I think I have clearly stated that already, the farmout to FUT is a smart move IMO with a bit of pocket money to go with it.

"As for placing your hope in an equity raising I would expect that the shareprice would fall significantly as the debt expiry drew closer especially if no further progress has been made, in which case shareholders would need to be prepared to put up a packet more cash...I would hope that EPG would be able to refinance their debt....
Not much has happened in the past 18months lets hope the same does not happen going forward..."

answer - I most case if you have a look at a companies share price it actually increases significantly prior to a cap. raise so they can attract the sophisticated investor to give them a heafty return. In regard to the current share price I don't think it reflects their current projects, prior to the GFC it was around 0.70 - 0.75, what has really changed for EPG? answer the exit of New City, APG & Hendersons, these three companies plus a few that couldn't hold their nerve sold it down to these levels. IMO the s.p will be back to those prior to the GFC over the next 12 months.

"If some of the other projects were not put on the table to be farmed out then EPG were not doing their job...."

answer - firstly you say the farmout to FUT (earlier thread) was a bad thing then you state the above, common davo what's it to be.