Ann: Quarterly Activities Report , page-4

The quarterly tells us the following:

[1] DVM hopes to drill Qld this year (if hope could be monetised we would all be millionaires!)

[2] Ivan is constantly in foreign negotiations and it could be big (like the cost of the airfares) (but then again it could be non-existent and nothing is disclosed about what commitments are bieing made.)

[3] DVM has applied for the WA/NT blocks it couldn't get off Drillsearch (as if DVM would be the only company applying for blocks) (and once again nothing said about what the scope and cost of the commitment would be - are we about to be bankrupted with endeavour?)

Hardly a justification for (before such being released to the market)a major share-price hike.