poyndexter , page-2

Michael

Whoa ... someone is still taking to me 8)).

I am at about 30% of my peak holding, with the last sale around 70c ... my core holding these days is CXY and I am very keen on MEL and ESG.

I am very twitchy about EPG prospects and am poised to buy somewhere around these levels if a recent low of around 9c holds.

I think the significant management and technical appointements over the past 6 months or so have reinvigorated the Company and I am cautiously pleased about the Lorraine updates and I believe there is reasonable prospect for excellent flowrates when they whack a bigger pump down Folschviller to see the effects of intersecting the high permeability fracture zone.

I am also thinking with a maturing CSM industry in Australia there will be some exploration talent freed up to give a new frontier the once over ... Europe is a logical place to commercialise the third leg of an increasingly global CSM industry ... expats from QGC, AOE and even BHP spring to mind.

There is time to sort the convertible notes issue favourably and Julian has a great record ... I for one back him to pull the proverbial rabbit.

The potential of EPG if anything has been derisked a bit lately and I think the patient technical way the Folschviller well test was progressed recently showed class.

These are my views and I know they wont appeal to many.

Cheers
Dex