Ann: Share Purchase Plan Shortfall - Oversubscribed, page-4

I agree , this will shake a few sellers out again , and we might test 4.5 c and keep the over subscription price at 3.8c bit I don't think we will ever see it under .04c again.

Once this is sorted I expect the big cheque books will be back in the market buying.

If this is followed by positive news on the Illo Este drilling, a Guado JV , Junefield or Cape Lambert increasing their holding or if it turns out the $2m there is a new shareholder with pockets deep enough to provide production finance LRS should rocket and re commence the share price recovery .

Should be a very interesting next few days where there is a buying opportunity in the mid 4's in my opinion as I do suspect short term traders will jump out and the long term players will just soak up the stock.

My average is still around 20c so not that happy with .05c today but was going to buy last week at 5.5 , so one part of me is happy for the drop , and I will be a buyer again if it drops under 4.6c today or tomorrow