Ann: Change of Director's Interest Notice, page-8

As far as I understand it there is no 14 day rule. In accordance with the listing rules the asx requires companies to take into account when a director buys and sells the timing having regard to that which might include sensitive material when transacting.

Companies are encouraged to have a policy which precludes buying and selling during a “blackout” period , in other words when information is known by a director which is material to the price the directors should not be buying and selling.....nor should anyone !

Now in this particular case we have a situation whereby we all know that we are about to drill. In Clive’s interview he said and I quote

“ Given Christmas it’s a bit difficult to sort of get the guys to be ...ah...drilling next week....but ah...they have assured us that shortly thereafter they will be on the ground. So we hope to have our camp and all the infrastructure in place by the first week of January and drilling...you know...immediately thereafter ...”

So those who have dyor know drilling is probably starting this week, that has been in the public domain since Clive spoke in the video.

Accordingly it follows that everyone knows drilling is starting this week. If I’m a director I’m buying, if I’m a watcher of the video I’m buying, it’s not a secret when it’s all over you tube