Ann: Appendix 3B and Listing Rule 7.1, page-15

Thanks for your post @micky78 . I understand where you are coming from and agree with much of it. I am also very happy with the trajectory of the share price - no complaints there!

You and other long term holders who use this forum will be aware that for years I was largely very supportive of Rob Tyson and his fellow directors. The company can do no wrong sort of thing. These days as a large holder, I believe I am acting in my own self interests by levelling criticism whenever the company does something I don't support. Examples are failure to deliver the T1/Silver Ray Pre-Feasibility Study on time and the latest Capital Raising at a discount. It is not in my interests for everybody to be patting these well rewarded directors on the back whilst they (the directors) are busy patting themselves on the back. That's not to say I don't give credit to Rob Tyson for acquiring the project for just $40K - it might go down in mining folklore as one of the deals of the century if Southern Lights lives up to its potential.

@rastus64 even if I had snapped up shares at 44 cents it would have been at a 10 percent premium to those who got to participate in the capital raising - that is a big number over a matter of days. This idea that the likes of SBM and Joshua Pitt and whoever else participated in the capital raising were unwilling to pay a higher price doesn't fit with the fact that it was heavily oversubscribed. Furthermore in the 7 trading days since 3.6 million shares have traded at an average price of 52 cents.

Finally a message to the traders that have joined us. If you want to make some real money buy a parcel, settle your account and watch what happens - DYOR.