Ann: Market Update , page-2

Seems the dramatic slide in price has made them finally realize that they need to communicate with the market!

In my opinion this market update addresses the majority of concerns that a lot of us have had of late. I am relieved to see that Guildford has made a commitment to provide more regular updates on the Mongolian operations as this is obviously the key company driver.While commencement has been significantly delayed it seems that it is all likely to come to fruition at some stage this year which should/will lead to a significant re-rating by the market in my opinion.

In my eyes the financing package is a positive, and nice that it has been clarified from yesterdays skimpy announcement.You would have to think that OCP would have done some in depth research before throwing $40m in the pot at this stage.

with regular updates as now committed and some positive progress expected over the coming months, I'm personally feeling much more confident about my investment.

Yeatesy.