Ann: Response to ASX Price and Volume Query , page-4

Latch

I can't say when I would sell because, as disclosed, I placed only a few thousand in it on the second upswing and that has delivered 2+bags to date. Prior to that I had been trading it and prior to that I was a longer term investor. Your investment priorities and trading model should determine your exit points.

The company has said it is not aware of any internal information that would cause the upswing except the market interest in REE. What that means is that some larger investor(s) with long money have crunched their own numbers and decided to take a hold. The stock is probably becoming even tighter so don?t expect it to behave like a typical trader stock on a spike. I can't predict what the big boys will do next . . . only they can.

IMHO Gandel interests would not be interested in T/Os at this stage but I don't speak for them.

$2, $3, $4 ????? I really don't know as it depends on any forthcoming take off agreement from which a bankable feasibility study can be quickly finalised.

I don't believe they will need to rely on cash from Tomingley or Mc Phillamy's BUT they could if they wanted to. Those two projects would certainly provide ALK with more bargaining power when it came to negotiating REE take offs.

A Tomingley green light may secure the SP will we wait for the other stuff... fingers crossed.

Cheers



(Why a smallish hold? 70% of my portfolio sits in a 5 bagged US based oiler with perhaps another 5 new bags in it. While it?s easy enough to pick some winners, timing is another story LOL).