share placement, page-32

re: opinions please? acturtle HI acturtle,

You have really picked up on the strange timing of this issue.Either very cheap if Nuini comes in or a dud if Nuini fails.

Bounty had arranged all free carried deals covering exploration and drilling costs for the next year and didn't need the money. It's operating costs are covered from Woodada gas sales.

So why raise money and why now.

I am prepared to speculate that they have another outstanding area about to be signed up and they need funds to process seismic work and bring in another partner and the deal is so good it won't wait.

This little company is a real performer. Anyhow, we'll soon know.