failed to deliver once again, page-61

email to company

Hi Marengo Team

I am a long standing share holder and I have a question.

With the company telling the media in various reports and interviews that the DFS will be out by the end of Oct 2012, how can this date be passed without even an explanation to your share holders?

May I please have a response to the above

Kind regards,



Response.... ( No Privy Info )

Good Afternoon,

Thanks very much for your support and interest in Marengo Mining the Company. As per our Quarterly released on Wednesday 31 October 2012 the study is nearing completion.

Regards


Response to the response.....


Dear,

Thank you for replying to me concerning my question

I am still disappointed in the response, and here are my reasons why.

I would be more excepting of your email if the company had not let time lines come and go in the past:

For example:

1/ the DFS was completed end of Q4 2009 as stated in the companies presentation 1 – 3 Dec 2008 ( page 21 for your reference )

http://asx.com.au/asxpdf/20081201/pdf/31dz41jrygx6km.pdf

2/ the DFS was completed end of Q4 2010 as stated in the companies ASX release 7/12/2009 ( page 16 for your reference )

http://asx.com.au/asxpdf/20091207/pdf/31mlh4cj2p57wx.pdf

Now throughout Q2 within both TV interviews and written media reports the company has being promising/suggesting/inferring it would be released by the end of Q3 2012

Can you please be more definitive and also keep all your shareholders updated if statements released by the company about such an important matter cannot be met?

Your response of “Nearing completion” surely can not be an acceptable answer to a shareholder of the company considering the above mentioned?

Regards