Ann: Change of Director's Interest Notice , page-2

Very interesting. If Terry Kallis thinks it's worth converting 90,160 options at 0.03 cents into shares is this a sign of confidence in the Company or is it an attempt to inspire confidence in the Company amongst shareholders?

The fact that clearance for the purchase was provided on 11th October means that the shares were converted when it seemed to some outside observers (including myself) that the Company was disappearing down one of its non producing holes.

It would be nice if things do come good especially as I havn't got around to unloading my (almost worthless) shares but a shame for saltocan. If the share purchase is a sign of confidence then the new shares at 0.01 cents could be a bargain, on the other hand.............