Ann: Exploration and Company Strategy Update, page-27

G'day Grubarura.

"I just wonder, when did you decide to leave the prominent, top 20 place on AQD registry ?"

I decided a few years back that I had too many different stocks and that I needed to slim them down to about 5 or 6 of the ones that I felt had the best chance of success.

I sold out of the others and increased my holdings in PIO and ICG mostly.

I sold AQD at that stage and also stocks like NST which I had bought around 50c and I sold at about a dollar.

My NST holding alone would now be worth about $1.5 million had I just kept that one stock and there were others.
I still think I probably made the correct move ultimately but it is sure hard sometimes when they do things that have no consideration for the sp.
The discount raising at 33% totally changed my perception of management I am afraid.

Lockitt