morgans report of 14/4 on website, page-33

With this sort of price volatility based on small volumes, it is hard to know if these prices are not relevant, are a buying opportunity or are reflective of full information about the value of the company.

I thought around 30 cents was a buying opportunity while others invested in 70m shares at 31 cents. Since then around 6m shares have traded for less than this so small bets have been placed on that level being a buying opportunity by one group and time to get out by others.

I am not clever enough to buy more at the bottom but will be happy if I have got in near there. This may turn out to be the case, or I may have done more money.

Based on on the limited information, the report by Morgans, obligations on directors, lack of motive for them to drive share price in short term, other than for capital raising, I am happy to accept risk reward trade off and potential value of this company. And I have put my money where my mouth is.