Ann: Appendix 3B , page-9

Mal,

You're probably right, however, I told Mr Finnis of my membership of HotCopper during a previous conversation (refer Post No. 6278575), plus I prefer to be upfront.

If Mr Finnis doesn't reply to me, another possible reason may be a preference for using phones rather than email.

I'd be interested to know why the company managers and directors you've spoken to loathe online share forums. I would have thought that the publicity would be seen as helpful to any company worth its salt.

I'm now wondering whether the seemingly low placement price of 6c might have been negotiated before the recent rapid rises in the share price.

I'll have to take your word for it that it saves time, effort and money to place shares with the likes of Bell Potter as CLU did. However, if that method tends to alienate committed investors, increase dilution rates, and stagnate the share price, are the savings worthwhile?

I hope that Global Resources can negotiate future raisings on more advantageous terms.

I also hope for some hot results from El Rodeo to restore market confidence.

Grav