Ann: Drilling Update, page-8

The drop in the SP is more likely due to the Capital Raises. The instos on the register would have ensured they provide capital but at highly discounted prices. This has resulted in excessive dilution. Well the greedy are now being punished by the little retailer with this week's price action. Our current institutions on the register are probably waiting for the SP to increase from other big hands joining the register.

We are in no man's land now, no broker will touch this with a ten foot poll and no instos are game enough to join the register with it being so tightly held by current instos who have demonstrated an inability to stabalise the share price or create value.

The only way we get a re rate now is T/O, the market is avoiding us like the plague and why wouldn't you. Would any broker recommend their clients to buy into a stock which has lost 10% + over a week on $600k of stock traded for the week???
This represents less than 0.4% of the register turned over this week on a MC in excess of $150M at the beginning of the week.

Does this Micky Mouse volume over a week warrant a whopping 10% + decline in SP???

I honestly don't blame anyone for thinking twice about buying in. I have been a good advocate here for wiluna but even current SP action is breaking me. Hopefully this tax loss selling by the little Fry's on the register with minute holdings ceases in the next week.