Ann: Operational Update, page-30

Hi marcrae, tbh I haven't worked it out overall. I had 3 holdings at various entry prices. I sold some at the time of the MIN takeover, and the rest went to MIN shares. My best MIN average is $4.77 which is maybe 14x at today's price. I actually derisked somewhat on the way, some of the numbers were pretty scary (up and down!) on the journey! A bit different to BRU in that the sp was way down at 0.2c on occasions, buying at those levels was edge of the seat stuff! I almost sold everything at about 1.2c but I cancelled my orders and held on, but sold smaller quantities at sp jumps. While I have had some small wins along the way in o&g, this was the biggie. It has allowed me to now take some risk with my investments without too much angst. Regarding what I expect from BRU from here, i have learned to temper my expectations in o&g. Events and announcements which should propel the sp up are generally sold for pips, and the only reality in the end is what the company is worth to a buyer. So much is going to depend on what is actually there when they start drilling and testing. In the mean time, it's an exciting time to be a BRU holder!