Ann: Supplementary Target's Statement, page-2

I wish I could just bite the bullet and move on like the dynamic management team at RQL.

It's been inspirational to see Andrew cash in his 11m performance options at $0.26 and to learn Loddie may pick up another 6.6m shares as earn out from his sale of Campbell Mining to RQL which is now the target.

Keith took his $7m medicine early along with Pete and his $104k which is now off the table. Only Tony seems transfixed in the headlights of Loddie's generous offer.

Me, I am still sitting looking at the majority 50.02% held by Pump Services, ruminating on my 60% loss under such stalwart leadership and wondering what are the Significant Shareholders thinking? It's going to take Bell Potter ages to mop up 240m shares in 12 share lots like they were doing yesterday afternoon.

Last list of largest holders <5% from the Annual Report were:

	Column 1	Column 2	Column 3
0	Name	Number held	Percentage
1	Carosti Investments Pty Ltd	61,516,296	19.78
2	Mr Anthony Gerard Ryder	27,870,322	8.96
3	Mr Keith Danby Lucas	27,186,026	8.74
4	UBS Nominees Pty Ltd	23,559,844	7.57
5	Wyllie Funds Management Pty Ltd	23,467,077	7.54