accumulation, page-13

Still feel that there is some accumulation occuring at the moment but the selling is drying up as positions are taken by those that have the patience to wait for the next announcement. Watching the trading indicates to me that someone is trying to draw down sellers with small trades.

We have an increase in substantial holding of one of the major share holders since the last announcement which can be seen as a positive indicator.

If you read the last announcement in regards to the due dilligence we can see that management are moving forward on 4 projects and possibly others;

" Of the original eight deposits listed as Posit assets, discussions regarding the remaining four projects remain on foot."

" Posit directors Graham Rowley and Stephen Blackman remain
committed to working with the existing Board of Newera to
secure and add to the exciting suite of assets in Posit and joining the Board of Newera on completion of the transaction."

" Posit has indicated to Newera that it believes that formal agreements with regard to these new opportunities can be finalised and that those assets will significantly add to the value of its asset base. In addition, Posit advises it is continuing to take action in an attempt to regain tenure to the Saltyn Sari and Makmal tailing projects."

These comments reflect the commitment of both parties to get a deal done. Exciting times ahead if and when the deal is done. Approx 35 days of the DD period left but maybe an announcement before.

Retrac