Ann: Quarterly Activities Report, page-98

I tend to feel the sellers of late have been connections to the old Board, not the 6 cent placement people brought in selectively as sticky shareholders by TL, NB ,JY and Reeds. I know the shares in the placement were very hard to get as I bid for some and would have paid 7 cents but was knocked back. I even questioned why 6 cents, not 7 cents, as the cancelled issue was to be at, until I saw TL putting $350,000 at 6. The selling will be over soon and I suspect it will be like a coiled spring if the drilling results are positive!