Ann: March operational update, page-17

Guys, don't stress yourself to make any income predictions. There are too man variables to concider, just wait for the 4C each quarter and go with what is reported.

Current selling, like the one just minutes ago is related to the CR. BP offered not just the buying of the about 300m shares, they offered the selling as well and that is what we see. About 100m shares could have been offloaded so far - that means if all of the 8 CR parties would sell their shares we have to wait maybe until September / October to get them absorbed.

Unfortunately the timing of the CR was terrible. They raised way too low and now they can't even use the money as in QLD and in NSW sparkies are too busy due to the flood repairs to take on any non-urgent jobs.

Unfortunately our directors got a bit too eager to grow too fast and that always back fires. We can't blame them for the cyclone aftermaths but they should have continued to accept growing with the money they've got instead of going for a CR.

Now having heaps of clients waiting is great but offers the chance for a big predator with their own armada of sparkies to grab LPE for a very low price as customer demand can't be met.

Anyway, in principle all is great with LPE and that's why I am looking forward to grab more for 2c or less. At some stage the sellers run out of shares and the market will appreciate and value LPE according to the income / profits which will become huge.

To buy shares low they must be offered low and that's currently the case but our human mind let only see us the paper loss instead of seeing the buying opportunity.