Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-33

Today added another 60,000 (my fourth purchase) at 5.6 cents, bringing me up to 270,000 shares. Do not disagree with posters expressing disappointment at recent progress, or highlighting the risk of a capital raise. But as an investor focused on price and value, cannot help but feel that a 75 million market cap is “out of kilter” with the sums spent only quite recently putting the company together. The potential of the company to do much better operationally a few years down the track (and the prospect of a takeover at any time) further convince me that we should be adding at these prices. There will come a point when I will stop adding, tip my hat to Sdaji and say “you were right all along, O wise one”, but I’m not quite there yet!