Ann: South Erregulla Update, page-402

Went to SE yesterday afternoon - 43 degrees plus plus plus. As some of you know, I have been to SE before - not an easy journey. My car guys are not going to love me............

I believe it was Beharra Springs with an open flare - saw that - it was up and definitely roaring. Please note that this flare is still not showing on Firewatch.

The SE2 site is not visible from the road - even with binoculars - can't help you with any definite information with anything happening. Really sorry - gave it my best shot but it was just too far away to discern any activity and it seemed that there was bush in front of the area. Yes - and I do know where it should be located - I am pretty good with maps, I know where I should have been looking - did a bit of research before I left and could place it in reference to the locations of SE1 and SE3 which were visible.

I have a buy order in for tomorrow because:

• I believe the price is way toooooo silly not to buy for the value it encompasses.
• SN is probably in IMO taking a margin loan to buy more STX stock - I laughed when someone suggested a holiday home purchase - Really???
• John Poynton is way smarter than me and he bought more stock.
• @618 is much smarter than me - all the time. His numbers say the bottom of barrel value is 29cents - then we are at the equivalent of the EOFY sales territory and that will do me.
• Firewatch has shown this week to not be accurate 100% of the time - and there is also cloud cover over the SE area, so it probably won't pick it up anyway.
• IMO SE2 drill schematic looks an awful lot like SE1 in the Bell Potter Presentation.
• Got to have some faith that STX Team has drilled in an optimal position.
• I still believe that we will retrieve SE3 in the future, with some smart people in the room reviewing the information from the drill site and coming up with a clever solution to the GWC problem.

Go STX