Ann: Investor Presentation October 2012 , page-50

Well they are not out yet. Another cool million offloaded today. We will know when they are out because all the props at 16 and 16.5c will vanish and the stock will be left without a single buyer except LRL themselves. I make it just shy of 6m since the last report was probably cut pre-settlement, si it looks like yet another major shareholder has also started offloading. Cant just be the tail-end of Goldman and Pershing can it?

Anyway, clearly they would be well into the sand interval by now so the share price is now reflecting the 'smart money' or should I say, the money that is prepared to pay drilling crew members for 'weather reports'.

And it isnt looking good with a few no-hopers taking stock at 17c on the chance of a good result in the face of a slather of institutional sellers who probably know the real score.