Ann: Share Placement, Corporate and Operational Update, page-16

to some extend varuka. I dont reckon there are that many shares % wise anyway that will be selling at 1.5-2.5c. It would really depend on the news flow I reckon.

We may have 200-300m that may want to offload? we have:
total 1650m
- BSP 768m
hk investors 205m
myself and friends 120m
directors 50m
other top 20(who may not sell 100m

that leaves 387m and I didnt even include shares that are associated with Paul and Garry's friends who may or may not sell. The other top 20 I assume is hazardous investments, doyle, dreamcatcher and one more

387m aint much to soak up, I reckon the HK/Chinese investors will soak them up with pleasure if Sino's 1 dry well out of 120 drilled in the ordos basin is something we can achieve