Ann: Significant Graphite Potential at Allamber N, page-19

re: Ann: Significant Graphite Potential at Al... I agree re the rights issue dilution; except I thought PC had more than 20m shares through his interests; still I'd be surprised if he didn't take up his full entitlement (ie it would be a brave management that went head without a rights issue without the full support of its major shareholder eg look what happened to billabong). Norlisk might be happy to see themselves diluted seeing as they seem to have been in this stock for the nickel.

I'd expect some selling for profit taking when the new shares come on next week but after that's absorbed should be a good floor under the stock. Lets see what the sept quarterly update has to say; should be out soon and might give some insight into the next lot of announcements.