Ann: AGM chairman's address , page-7

Loki, agree with your final comments, the ongoing water issues are most frustrating and concerning. I, along with plenty of posters, have spoken to Chairman Jackson in the last 6 months. I have twice explicitly asked the question of the risk of the upcoming monsoon season given Siana's previous water/silt issues. Both times the Chairman has said there will never be another water/silt related problem with the mine given the pumping capacity already in place and engineering works already undertaken. To see the Chairman's reference to risks associated with the upcoming monsoon season is very, very disappointing. Is he a liar, misinformed or just inept? Either way, its a very dangerous predicament for the company.

PS if that debt finance package is not forthcoming, next call will be insto shareholders = bend over Chairman Jackson, we want a deeply discounted insto placement.