anyone attend meeting, page-7

I cannot see the sp dropping to 1c. Currently the cash in the company amounts to 1.5c per share. It also has proven assets:
- Uley with a likely payment in Dec 08 of 250k and good prospects thereafter if the use of graphite in solar power stations continues (I feel this is very likely) where EBR have a 25% free carried stake
- Judith gas well in the Gippsland offshore is likely to prove commercial (I think EBR has a 25% stake) but to finance this investment may mean selling it or watering it down.
- Venessa gas well in the Cooper basin is also likely to be commercial once a gas processing facility other than Santos is developed in the region (Santos only offer lousy gas prices)

The prospect of this falling to 1c is IMO zero.