Ann: Change of Director's Interest Notice MS-BBX.AX, page-6

Hence some will decide to sell into the Drake bid just before close and at auction, and hope to re-enter the market at a lower entry point.

I envisage $0.03 to be tested unfortunately; but what one must remember is this all part of the aftermarket of a failed takeover, immediate to short term there WILL be bloodshed but that will all be forgotten when an announcement or drilling update is made.

Those who sell into Drake today, and hope to re-entre, I don't fault you. But can you trust yourselves to pick the low?

I've picked the low to be $0.03, so if I was to sell my 10million shares at $0.046 and re-enter at $0.03 I will have improved my profits by $160,000. But what if while waiting for the SP to reach $0.03 an announcement is released an the SP hits $0.12? And so I would have missed my opportunity at buying back in.

In the above scenario I would have forgone a profit of $740,000.