Ann: Ceasing to be a substantial holder, page-20

Hey Guys - you seek me here you seek me there - yes, it is I, Peter Johns.

Nothing too mysterious about it all I'm sorry to say. I'm not a director or an insider and have no connection to the company. I did meet with management in Perth last year (I am based in Brisbane) and liked what I saw but that's it. I run a very small investment company that is focused on micro-caps. The parties mentioned in the notices are my investment company, my own private company and my mother.

I think this stock is really cheap sub 1.5c. Fairly priced on current info from 1.5c-2.5c. and probably getting a bit expensive over that but could easily re-rate higher on further news. I only trade fundamentals - don't understand technicals. I also have a history of selling good stocks early so i wouldn't get too discouraged by my selling.

I think this thread highlights how easy it is to get caught up in conspiracy theory if things aren't going your way. Nothing sinister here. Although I did well out of this stock last week I started buying in at 1.8c last year so when it was languishing at 1.2c and no one cared about it only a week ago I wasn't feeling too clever. Glad that it has now finally come across the radar of a few more people. I tend to trade my holdings fairly solidly and take profits where i can because I have limited capital to deal with. This was by far my biggest position because I thought it was so cheap at 1.2-1.5c. I probably got in over my head to be honest which is why I was so quick to cash in. As you will see from the notices I am also happy to buy back in aggressively when the price falls low enough.

As I've noted elsewhere I also once sold all my holdings in JIN for $1.20 and APX for $1 so theories that I am some sort of omnipotent or sinister trading guru should be quickly dismissed.

All the best with this one guys. Not the best company in the world but for less than $4M EV you are getting a lot of action in my view.