Ann: GT3000 Update , page-14

it's gappy - we are seeing bids at 145, offers at 165 often as not, so you are going to see those big %swings on next to no volume

Nanne has done a lot of damage promising and under-delivering. While they have stemmed the flow of his wishful thinking in announcements the punters will want to see cold, hard, commercially useful facts.

Everything I've seen so far with the globedrill side of the business has been pretty reliable, except their original statement that the drill would be "ready for service" in September. Maybe it was, but they've needed to do more demonstration work to attract customers.

So a few going-well-with-the-rig-testing/demonstration statements are helpful and I am expecting directors and associates are buying here, when they can get in at a bit of a discount. But they have only so much cash. Meanwhile, as others have said, Cygnet will be keen to see the price not get away. So we have that 145-165 range. Yawn.

She'll take off when they announce a long term contract.