tom's theory on the options., page-13

re: re:sbpo non-action I think you have a fairly correct outlook on SBP Olegna,

Especially when you see one of the long standing directors selling his interest in SBP to take a large position in another mining company WTE,

That tells me he can see a quicker easier buck in WTE, more so than SBP,

(and WOW look at the leverage)

Looking more like a ship that has lost direction and the skipper .


_____________________________________________


Annual Report/Top 20

WEDGETAIL EXPLORATION NL 2003-03-27 ASX-SIGNAL-G

HOMEX - Perth

+++++++++++++++++++++++++
DISTRIBUTION OF SHAREHOLDERS AS AT 11/02/2003


RANGE OF HOLDINGS NO OF UNITS
SHAREHOLDERS

1 - 1,000 25 15,799
1,001 - 5,000 226 737,488
5,001 - 10,000 270 2,294,056
10,001 - 50,000 1,306 36,331,497
50,001 - 100,000 511 41,071,405
100,001 and over 700 379,534,814

TOTAL 3,038 459,985,059


TOP TWENTY SHAREHOLDERS AS AT 11/02/2003


NAME NUMBER %

RBC Global Services Australia Nominees Pty Ltd 33,333,333 7.25
(BKCUST A/C)
Tyson Resources Pty Ltd 30,221,044 6.57
Bow Lane Nominees Pty Ltd 19,374,022 4.21
Vanspeybroeck Superannuation Pty Ltd 11,111,111 2.42
Victor John Plummer 11,052,625 2.40
Dr Michael Ruane 10,001,250 2.17
Dr Michael Ruane & Irene Margaret Ruane 8,055,556 1.75
Peter Allan Learmont 7,250,000 1.58
Kesli Chemicals Pty Ltd (Ruane Super Fund A/C) 4,500,000 0.98
Francis Alan Bradley 4,054,477 0.88
Lawstar Pty Ltd 3,000,000 0.65
David John Poke 2,913,480 0.63
Trevor Neil Hay 2,884,379 0.63
Skeet Nominees Pty Ltd 2,875,000 0.63
Justin David Wolak 2,821,500 0.61
John Henry Branchi & Vicki Alvia Branchi 2,773,035 0.60
Peter Allan Learmont 2,750,000 0.60
Excel Holdings Pty Ltd 2,500,000 0.54
Sunline Development Pty Ltd (Superannuation 2,500,000 0.54
Fund Account)
Hong Qi Chen 2,321,392 0.50

TOTAL 166,292,204 36.14

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