placement, page-16

I will take up that perogative.

"price approx doubled recently"

Every dishlicker in the resource spec market has doubled recently on market recovery, and I mean everyone, so doubling is not that fine an effort from the boys. Fact is we have gone up only $12.5M in value after a years JORC and Scoping Study which exceeded expectations on all fronts. ORE has a capex currenty under half that of GXY which has a dime a dozen spodumene deposit no-body in the world bothers exploring for (plenty out there).

No time has been allowed to sell the story and see who may want to be part of a raising and at what price. One days trading post announcement is hardly what I call price discovery! At least we agree the placees will make good money. The question is did they do us a favour or did we give it away? I am obviously dissapointed and suprised so many that have waited a year since it was 48c last time with so much excellent results now seem happy to do a raising as soon as price breaks out.

All speculation, we will find out how well it has been played soon enough. I don't think there is any doubt however that plenty would like in at cheap prices without having to compete on market because I think most holders are waiting for the big payday not a quick buck.

Need a break so going away Fri to Mon and will miss the fireworks. At least it will clear the raising hurdle and prospective punters will then know to buy on market or go without.


goodluck