PESA Luncheon, page-16

I feel extremely sorry for those who sold at 0.04 from either being panicked or by being squeezed. I must admit, even i could not work out what was happening with the price at that point as we always knew that there is a resource there, Beehive coming along and also a new refreshed board, which i believe is set up to now take Melbana from an explorer to producer. It's not realistically long to wait till February and to be honest i always expected that delay for appraisal anyway. I do feel for those who don't understand the mechanics and fundamentals of the Oil and Gas explorer business model and to those that panic sold. May still be an opportunity to get in before appraisal and Beehive, Santa Cruz also in the pipeline.....................ONWARDS AND UPWARDS COMRADES!