operational update from goldstone., page-9

Rmv,

Mr Ben Hill returned my call today and I asked about the share buyback.

They have put in place all the necessary documents to do a 10% share buyback; however, whilst they have the option of buying back the full 10% of the shares they are not obligated to do so.

I believe to date they have only bought back around 11% of the shares they could buy if the decided to complete the full 10% buyback.

It would appear that buying back the shares was not achieving the desired result that being a stronger share price so for the moment it looks like the idea is on the back burner. Clearly though they have the option to buy up the full 10%.

Mr Hill was most approachable and helpful everything he mentioned is in the public domain. IMHO due to the complexities of the ASX even information in the public domain is not always made clear.

I liked his and I guess the company attitude that cash on hand be used for the wellbeing of the company and its owners us the shareholders.

He touched briefly on the results in Africa and confirmed solid exploration continues in three distinct areas.

I will continue to hold this stock and may even top up as cash becomes available to me at this share price level. I believe I read recently that there are only around seven Australian gold mining companies that pay a dividend. This is only my opinion but I guess there is even a smaller number than that, that have such a healthy attitude towards the cash they have in the bank.

Just information passed along in good faith please due your own full and due diligence.

Cheers and very best regards: Andy