Ann: $5m Placement to Advance Windorah Gas Project, page-61

An individual's position ie. held/not held or amount held should have no bearing on whether or not they post on a public forum. The criteria to post should not be limited to only those with a set of rose coloured glasses.

I think that the field is very much a goer, that there's very little downside from here share price wise, just not the upside most had hoped for now. So no, it's not the geology as you can't argue with the results thus far.

So i think you can guess where my concerns lay? Are they valid concerns? Yes, in my opinion, they are very much so and therefore i have adjusted my risk/exposure appropriately. RLE are not the only company with attractive assets and near term catalysts, so investor sentiment/trust is paramount when endeavoring to add value to the company. This is the key ingredient that has been continuously overlooked IMO.

You yourself said that you thought they'd learnt their lesson due to the backlash from the last placement and that you saw any future raising being carried out much differently and with alot more thought given to current holders.....yet here we are...."Ooops i did it again". What are your thoughts on shareholders being snubbed again? Don't get me wrong, i have absolutely no qualms with the capital being raised as I'm well aware of how businesses operate. What i do have a problem with is the circumstances leading into the event, the way in which it has been executed and the fact that it's not an isolated event sets a precedent going forward.