the australian 25th, page-4

I'm not a sophisticated investor, however interestingly my email to Mr Towner was very similar to CVCs before I had read theirs, albeit mine had less detail about money raised and the like. Shows how obvious the AMU contradiction and poor treatment of shareholders is. I'll be voting beside CVC. AMU thinks they need cash for everything?? Here's my take on the cash flow and how it could be allocated:

Cash Flow = AUD $29 million (after interest);
Required Debt Reduction = USD 9 million (say AUD 11.5M);

Exploration Allocation: $15.2 million;
1 Cent Dividend: $2.3 million

Cash Left = $0

How can the company say they do not have the funds to allocate to exploration unless there are things they are not telling the shareholders?

MJS