llew,Re Kalrez. It was a number of factors, large number of...

llew,

Re Kalrez. It was a number of factors, large number of shares on issue, debt level, cap on Oseil production until next phase of field development begins which is a year or two away. Also the fact that Kalrez had already been for a run from 0.004 cents to 0.012 cents and back to 0.007. Think there will be some short term selling pressure on the stock from those who bought at a higher price and want now to get out. I still think it is a good turn around situation if one has the patience, the leverage is definitely there on any good news from the company, and the management is keen to prove itself. But I didn't see it performing as well in the short term as one or two others I'm looking at eg PPP. Hope that helps. JBC