takeover and aquisitions , page-21

Ville,

Firstly thank for the abuse.

Secondly I will always consider cash from companies at least on par with equivalent share price changes.

Thirdly, IF Burgess acquires an asset with cash in coming months, for which he could have paid much more for recently in order to placate the likes of yourself, will you then still consider us worse off for the patience??

It is my view that in time we will get that asset we crave, but that we will get it cheaper via Burgess, than what we would have under the likes of you and numerous impatient analysts.

On acquisitions I judge Burgess positively to date, for not having done any while prices were excessive.

Exploration is another important point on which Burgess will ultimately be judged. Has he directed resources into the right exploration projects, and supported them appropriately? I don't know the answer to that. We certainly haven't had any stunning result to date.

EL