short selling, page-34

One of our guys spoke to Stewart Elliott yesterday and he assured us absolutely is on track.

There is no bad news.

There is nothing hidden that we don't know about.

I know it doesn't help us right now, but he is as dumbfounded as we are at the share price over the past fortnight. As he stated at the AGM, they can't do anything about the share price on a daily basis, but they can work their fingers to the bone bringing our various projects to the line. This I do know they are doing.

We believe Credit Suisse are now right out. They have been selling for months after been forced to flog anything to raise their cash levels.

Margin selling must be the man factor for the continious dribble of sales day in day out. That has to end some time.

We are now at around 18 - 20% from all time high's - amazing how many solid companies are at that same level.

We have to hit a bottom some time soon. It WILL bounce. I bought two more lots last week - too early ofcourse, but 2 or 3 cents is peanuts when we get back over $1 again and from there the company will be printing money to drive us up.