Ann: Becoming a substantial holder, page-3

From the placement date HESTA and ELLERTON have been buying from the market . Buying at higher prices from the market initially but have appreciated the drop in prices recently and have averaged out ok . Not sure how many units they still have on their buy orders but the future of Rex Minerals rests on the back of these people who are steering their clients for a good long (very long) term investment. Especially ELLERTON who recently announced holding of 4.9% of the RXM Capital . That 4.9% represents 55 companies that have invested and a cursory glance of the 55 customers reveals that these folk are not short of funds . They are the who's who in financial terms within Australia. Its looking very possible that local investors could easily fund the Hillside project instead of looking offshore . So even though the price of RXM has declined recently I would say that once these investors have filled their books and get set and hold a certain percentage we can see some stabilisation in our share price again and then its game on . So no panicking is what is suggested for our long time investors .