Ann: Amended Appendix 3Y Change of Directors Inte, page-29

re: Ann: Amended Appendix 3Y Change of Direct... Hi WestAusssie.

My sentiments exactly.

I had not thought about the theory you put forward with regard accumulation as a Uranium play at the same time Red Bore was being drilled but I concur with your thoughts about the desire for daily updates and some shareholders worries about a volume / price drop.

The fact of the matter is that over the lat month something in the order of 25% of the company has been turned over and has changed hands.

We have seen the emergence of some significant holders in the Top 20 who have paid upwards of 60c a sheare for their stake. This is very positive.

Even today we see some announcements that 300k of 20c options and 30k of 52c options have been exercised to kick in $75k to the coffers. Again very positive.

Unfortunately, just because there is a slow day or a shift in the disclosed buyers / sellers on the screen we see some holders like my mate BOONDOG get all panicky and bail out.

People think this is a quick run game but it is not. It is a game that takes time, work is done, results need to be analyzed, more follow up work planned based on the results and so it goes.

To use a cricket analogy, it is a 5 day test match going on here not a 20/20 match.

We just have to let the guys take time to do what is needed and to give themselves every chance to discover and uncover what there is to be found.