Polar,We are in agreement that some information from our...

Polar,

We are in agreement that some information from our management team would be nice. Perhaps it will be forthcoming, but like you, I fear it won't be.

As for the EGM, the express purpose of it is to reset the ability of FGE management to issue another 15% of existing shares without getting prior approval from shareholders. At present they cannot do that because in the last 12 months they have already issued 13% of shares. The fact that it is in the form of warrants to ANZ is incidental. Yes we are approving the issue of those warrants, but FGE management do not need our approval UNLESS they wish to raise more capital (well greater than another 2% of shares on issue anyway). So although the vote is specifically about approving the warrants, what we are really doing is giving them permission to raise more capital (up to the legal limit of 15% of shares on issue).