General, page-28

Seemed to be some good buying today. Always sellers off screen but on screen it’s only $20k and it’s back to 10.5c … this will still be a 50% discount to what the major shareholder and the one on the ground in the States choose to tip into a private placement at 40% premium…. Now why would you choose to pay a 40% premium when you already own a large chunk if you didn’t think you could open the doors and get pen to paper.

To me it’s like a Geo of a gold company tipping in $800k at a 40% premium after doing site exploration… he has seen what he likes and is confident he can deliver in due course.