Ann: Change of Director's Interest Notice - P Garratt, page-27

The 25% gap argument has always been about attracting new investors. You know this. The board have the most intimate knowledge of how the company is progressing. They aren't scared of the 25% gap (which is gone, hopefully for good) so the argument isn't blown out of the water, unless you don't understand the argument.

What these announcements have done is make a mockery of the "no skin in the game" argument that's been dragged out. They also destroy the argument that consolidation is a huge scary monster, as the blokes with the most knowledge of the company just threw their hats in. This is in stark contrast to members of this board who have absolutely no shares in the company anymore (eg paladin boy) but who continue to stir the pot.

The recent increase in SP may well be (in part) due to the confidence shown by the board members, but mostly because we are about to drill. It also makes a mockery of the argument that people weren't buying because they were scared of consolidation.

See, it all makes sense if you think about it... but only if you think about it.