Ann: Due Diligence on Coal Seam Gas Interests in , page-10

re: Ann: Due Diligence on Coal Seam Gas Inter... Louise,

Note the chart and 2c resistance has been hard to break through.

Call me a cynic but my feeling is that today and y'day's volumes are quite possibly the placement shares being sold, keeping in mind they were issued at 1.5c. Not hard to make this one move on small vol, get some interest, then sell in to.

I think they will need to announce more than a CSG project in China, before we need to start thinking about the MD's performance shares being issued.

Will probably get the thumbs down for saying the above but gotta call it as i see it, even though i hold a core parcel of LT hold shares.

I like the coy's overall strategy so will continue to hold, as current mc makes it relatively low risk.