Ann: Robust discovers major new geophysical anoma, page-6

re: Ann: Robust discovers major new geophysic... Gary Lewis explained at the AGM that negotiations started with some insto's when the price was as low as $1.30. JP Morgan fund wanted a min $10mill worth or they would invest elsewhere.

They could have raised $60mill with the interest at the moment. And yes these insto's did their due diligence prior to investing in placement. And yes it was insto's that are in for the long run. Very few were given to brokers on behalf of sophisticated investors who on sell. Hence the price not dropping back to $1.65 over the last week or so.

Nearly every stock on H.C has whining of small shareholders not getting 'looked after' with cheap stock, even though they could have bought a month ago at even lower prices than the placement price.

The announcement today is significant in that it gives confidence that the anomaly is larger than first thought and it makes it so much quicker and accurate for future drilling. This has certainly de-risked the project a far as I am concerned.

I am not sure why the negativity but keep going, as I bought more today and will continue to do so.