running hard, page-12

Hi mate

I've been dissapointed with the lack of news flow coming from the company so far this year. Only news these days seems to be director selling, more shares issued or news of hold ups and delays.

Macquarie has gone through just over 10 million moving strike options now - and there are 19,450,000 left. At this rate, in about 2 months they will go through them.

The SP will turn around quickly if there's anything positive about Barnes Hill, as I feel investors are spooked by the greenies at the moment.

The contrarian view point would suggest its a good time to top up, but the risk of uncertainty with Barnes Hill is holding back my trigger finger. There's plenty to look forward to if all is well with Barnes Hill.