Ann: Notice of General Meeting/Proxy Form , page-9

Morning Guys,

Im not sure what to make out of the fattening the pigs saga with so much dilutionary effect to all these resolutions.

K Marshall Res#2 3.75% 3x4m options vwap 150,175,200
Res#7 .65% 2m Per rights (no conversion price
Res#8 .65% 2m Per rights (no conversion price
CM Marshall Res#4 1.91% 3x2m @150,175,200 vwap 5ds meeting
Ian Paton Res#3 1.91% 3x2m 0ptions (same as per CMs)
Res#9 .40% 1.25m Perf Rights (no convervion price)
Res#10 .40% 1.25m Perf Rights (no conversion price)
Den Wilkins Res#5 .96% 3x1m options (same as K Ms)
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Total 10.63% Dilution of 308m current shares.

TThis does not include Res#s1&6 for 40m and 100m shares yet to be voted upon. If effected what will be the extra dillution, already at 10.63%.?????

Another 100m would add say another 30% or so and all up somewhere in 1 meeting you can get 40% dillution from current volumes and whats that to the SP in the future.

Notice again the very emphasis on the related clause, is this to happen.????

Performance rights for what performance already performed.??? No field work done yet so office performance is ???? Maybe performance in drafting of this EGM get rich quick scheme.???? Cm can update you on these admireably.

Seriously so early in your infantsy this would be a grave mistake to allow these resolutions to pass, fattening the pigs before they perform properly. Make them work for it.

They are all new to the board really and for this so early.