168 metre graphite intersection, page-12

Whilst the drill result was great, the price drift downwards after the initial jump may I feel be related to the company having inadvertently confused many with the Figure in the report showing 3 isolated and not too largish "mapped" graphite areas as they refer. Up till this report we hear of 17kms of strike length and I accept what they say, and they have previously shown a diagram of the outcropping graphite over this length, then they put in yesterdays report a schematic showing what are 3 discrete areas certainly much less than 1km combined. Now maybe I am being a bit pedantic and all they want to show is where the next drills are going in, but it was not smart in my view where Mr Market is concerned. Traders and investors have well tuned antennas these days and see such ambiguities, even if unintended, and take a step back. Results are one thing, the way they are presented is another matter altogether.

I continue to hold.