Reply to bidder Statement released at 12;13 today disappointed...

Reply to bidder Statement released at 12;13 today disappointed there was no Scoping study valuation and no clarification on when the drilling programme will stare (Due Early 2011)


Todays trades Wednesday Mar 9.

Total 12 Buyers 697K. (Range $0.27 to $0.225)
Total 9 sellers 153K. (Range $0.275 to $0.39)

The buy side remains very solid more than 3 to 1.

But Closed at $0.27 and sales of 45,648 @ $0.27

Maybe the bidder statement was disappointing??

Trades.
Time Price Qty

10:25 59,324 27.5 14,498
10:43 91,676 27.5 5,000
10:44 93,188 27.5 502
11:59 227,025 27.5 1,850
12:56 314,397 27 33,000
15:00 521,531 27.5 30,000
15:58 702,516 27 12,648

97,468 Total Trades (105,000 Friday)
$26,608 Total Value.

Very Strong Buys @ $0.27 & $0.265.
The closing sells @ $0.275 were 30K (1 Seller) yesterdays sellers sold.

Please DYOR and make your own decisions.