The Empire decision, page-5

Wet season in the Kimberley. More shares recently issued. Directors need to be paid. Lind providing funding to remain solvent whilst holders suffer the dilution. No significant announcements on the horizon. No farm-in partner signed. No cornerstone investor signed. As recently announced negotiations are in the early stages. I feel a touch circumvented by the slow progress.

Its no surprise the sp keeps falling. What price will the next cap raise be next year ? 0.5c is a real possibility.

What about JB's prediction about a re-rating after the cap raise. Putting up OBJ as a good example.

After analysing this company again. Understanding the significant dilutionary effects of the Lind funding on shareholders stock price. Management and staff the only ones making any money. And will continue to do so as long as we remain solvent.

Its the perfect storm for a falling sp. Lets hope a miracle occurs.