Ann: Further Advance to Celamin Limited , page-9

Jj, you have a good appreciation of the CNL opportunity - in the eyes of insto's and in particular those 2 shareholders (CBA, AL..) this is worth backing. They continue to buy on market but I'm sure they are getting frustrated at the lack of stock available for sale at these levels (they're hungry!) and I invisage higher prices based on this fact alone. If there is a placement at that point, they will be there. If not, they will put the sponge back in the market and soak up whatever crumbs they can. This stock is tightly held. That's why it went to 80c+ the other month in one trading session. It doesn't take much to get this one going!