Ann: Significant Graphite Potential at Allamber N, page-18

re: Ann: Significant Graphite Potential at Al... Horsey,

Great Name for the stock market, I have been horsing around for the past 20 years.

Shareholders will need to wait until the 17th for the announcement by THX on the take up of the rights issue, but my guess is it will fall short of the total outcome. This is OK with me as at this stage a low share issue is good for the dilution of shares.

I think previous holders who sold thinking another 80m shares would be on the market may have miscalculated and I form this opinion on the heaving selling side that has pushed the shares down to a low of 4.9cents.

That said, the price is recovering and I have already picked up a 10% profit on my issue. I also hope to get some more healthy shares over my rights allocation.

The only snipet I have heard is that Phil Crabb took up his rights, some 10m at a cost of about $500,000.

Good on you, you have a profit today of about $50,000 to $60,000.