Arbuthnott - you want to know the reason Moriarty was selling...

Arbuthnott -

you want to know the reason Moriarty was selling shares I shot him an email and this is what he said

I have tried to place some shares to fund my new company but couldn't so sold some on market but not so as to depress price. The price has dropped anyway with over 11 million shares sold in past two months, so I am certainly not responsible for the price drop. I would think the responsibility lies in lack of confidence in the policies and leadership of Terramin.

I am a large shareholder who sold nothing for 12 years so i am very interested in trying to get some value back into Terramin. I cant sell any volume as no one wants to buy in any quantity. But all this negative comment does not encourage me to have confidence in any positive result from Nic's leadership.

My next ventures get underway, starting next week! I have large Chinese backers for new resource projects.

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Best wishes
Kevin