disgrace director should resign, page-24

Hi Towie et al

Well, it could have been worse, Wyllie could have offloaded the lot but he still has 14m + shares as of yesterday. Which means he has done more or less what I did except that I managed in my usual tentative fashion to sell only about 40% of my small holding at about the same prices. Oh well the rest is for less than nothing as they say.

Meanwhile I was interested to see Mr Wyllie who I believe put in rather over a million dollars at 12c for Northcote looks like he stuck around for the well and has held them ever since! So at todays price it looks like he's barely break even, whereas little me is well in profit as I took profits befor Northcote and averaged about 3c for the repurchase a month or so ago.

Here's to hoping the main object of this exercise was to get the price up to a level at which a small share placement can be made to finance actually drilling this prospect and give us another run. EBR did manage to actually drill Northcote and the "colouful" Mr Rechner does have a history of actually doing things (like Northcote as sole operator) not just paper shuffling.

Well its not in my nature to be a complete disbeliever.

pj