Ann: Annual Report 2010 , page-3

Good post, Ron (gave you the thumbs up!)

Sensible thoughts. Ball really is in BAS's court.

From what I read, we wait for the interpretaion of data for Windermere, then see if they decide to drill - as stated in the AR, "maybe next year" if they like the report. At best, I can't see much occurring before next June given that state of things here.

The Gippsland projects desperately need JV partners with deep pockets. From what I have seen of the last 3 years, the appointment of Steve Mackie as Exploration Manager is a huge step forward - Even Homer Simpson would have been a neutral appointment given the apparent lack of drilling activity in recent times!

Yesterday I lightened up a little (sold 750K at 2.7 & 2.6c) simply to free up some cash. I still hold a decent parcel but I can't see BAS doing much in the short-term.

Happy to wait with the remaining parcel.

Cheers,
Kat