top twenty shareholders, page-12

tinhopper, on what basis has the most recent drill been unprofessional ???

first two wells were wildcats, in which depth etc was dictated by the backing in contract they had with eclipse. drilling the way they did got them 100% of the project.

the most recent hole para3 was drilled on time on budget and hit 116ft of net pay. they did what they said they would do and did it in style.

releases have been timely (in fact too timely in the case of the trading halt which was a little strange, but explainable if you want continuous disclosure) and little extraeneous comment from management along the way. just the facts at this stage and that is as it should be.

the manipulation at this stage is not in any way proven to be associated with management.

raised capital before drill (just in case) but didnt place the lot lest the share price bolt and they could get a better price later. they got an extra few cents ... and placed the rest this week. predent and timely.

sold an asset for $3m and a royalty that was just deadwood on the books. prudent and timely.

para3 now being completed and ready for flow rates, resource upgrade and possible sidetracks into para1 and 2 based on the3 facts of what para3 has below. prudent and timely.