Ann: Change in substantial holding, page-19

Why so negative ?
The facts

• We have a haystack with maybe a needle in it.
• Our last drilling program was fruitless
• The release of results coincided with a member of the board offloading a huge stake prior to announcement
• We have no news since drilling of any other plans
• We just further diluted with a 1 million dollar CR, with the only benefit being to resturants in the West Perth district
• No real direction from management

So outcrop, with all these points, how can you say it looks bad. It is fu$&ing terrible.
If management read HC, get a move on and get some news out, good or bad!