asx announcement, page-9

Albuera

My only comment is I ain't playing poker with Melua. In the midst of a downdraft he flies in and goes the other way for a not to shabby amount.

At that stage I was watching with nervous interest at the SP.

I think this has an outstanding chance of becoming a profitable and well run company.

The next challenge is can it do growth in the next few years and become the $200m market cap company we all want it to become.

Its far safer than in July 09, even safer than Nov 09, UWS will indicate some direction and then its management. I worry more at the moment about declines in my other stocks than this one. I think it is showing signs that it has a floor and that I wont be able to get a bargain any time soon.