Ann: Appendix 3Y - D Wrench, page-4

Plenty of speculation on these boards about water, permeability, fragmented reservoirs, etc… Who knows, but there can be no two ways to interpret the fact that directors are buying regularly and in reasonable amounts. That can be nothing but positive and they are obviously VERY confident.

Of interest is the trading that’s gone on in this stock with the appearance of a reasonably concerted effort to hold the price down – or a large holder getting out continuously at 10c or below. Not that it will really matter though as Carnegie and Mgt hold enough to block a low ball offer on the back of a suppressed moving average.

As a long-term holder I am becoming more confident my patience will pay off.