news imminent, page-33

I don't have a problem with optimism preempt, but given that you have been on the AEX thread since April '06, I am astonished that you have any left for this company.

Do you remember the following list of AEX highlights over the last 18 months?

1) In response to my question regarding the South Afican Govt's attitude/policies towards U mining, Neville Bassett tries to tell me at the Denny Dalton Acquisition EGM (21/04/2006) that the Langer Heinrich deposit is in South Africa, and that the Govt stance is therefore favourable!
He was hushed quite quickly by Craig Willis.
If only I had realised then and there what numbskulls these guys were. None of them have/had ANY experience in U exploration/mining, and this approach was to be the catalyst to the erosion of shareholder opinion on them and the company over the next 18 months.
As managers of the company, you would expect them to take active interests in how CCIC were progressing with the various DD drill programs. At one AGM, Craig said that he was snowed under by the Denny Dalton project load, yet he had NO idea how many holes CCIC had drilled, or what the spacing of them was to be. WTF?

2) Appointment of Trevor Gillard. What has this guy actually contributed? His performance at the November 06 AGM was nothing short of disgracefull. He essentially paraphrased descriptions of the amateur photos in the amateur presentation with NO technical or economic input whatsoever. Hang on... I lie... he did pipe up a bit when the 13.7g/t Au intercept came up (it was the highlight of the presentation)... as he informed us in a stroke of genius that it would be beneficial for the economics of the project....... thanks Trev, hadn't figured that one out yet!
How many shares does Trevor Own?

3) Appalling communication of the initial drilling program's goals. How could the entire market mis-interpret it, and smash the SP accordingly on the release of the results?

4) Appalling announcement regarding Phase 1 drilling results. In the subsequent AGM (Nov '06), Craig addressed this and said that it was very difficult to pour over a 300 page report from CCIC and retrieve the relevant information.
WTF?
i) Why the hell was the report not condensed into an ASX appropriate format in addition to the main report? Surely CCIC could have pulled out the important parts into a more user-friendly announcement? Why were they not asked to do this?
ii) Given that they were not asked to to that, why on earth was Craig the one who compiled the ASX release?!! He has NO mining background at all, yet TG has over 10 years experience in various roles including a Mining Analyst for a stockbroking firm! Surely he would have been more knowledgeable and suited to that task?!!

5) Ongoing capital raisings that include free-attaching options. I hardly need to comment on these. They are going to devastate shareholder equity, which has already been smashed due to raisings on the back of disappointing performances.

6) As touched on for TG... the issue of directors holding shares. I felt sick to the stomach when after much animated discussion on HC in the weeks leading up to the Nov '06 AGM regarding a lack of Director share ownership, the day before the Nov '06 AGM Craig buy's $40,000.00 worth.
What a BULL$H1T placebo that was, just to avoid any direct questioning on the issue at the AGM.
Craig did say that Waller was going to buy shares. It is now 9 months later, and neither Waller, Bassett or Gillard hold any shares... but they did give themselves free options, just to knock this issue on it's head. WTF?

7) Phase 2 drilling debarcle. What absolute rubbish. The first cores were pulled out of the ground in November last year and we still haven't heard about them?!! As per the BMN 2nd Qtr Activities report, BMN have used SGS laboratories in Johannesburg for it's entire drilling program, and whilst they had some delays, they recieved their results back in April, and have since published a JORC resource! C'mon AEX... WTF?!!

8) The whole shared office with CCI & NEO. I rejected the comparisons at first... but no longer. The capital raisings are done through the same source (AEGIS), also with free attaching options... and guess what. CCI and NEO both have sweet fuk all to show for it except approx 2 Billion shares on issue.
One can really appreciate the strong management skills of Waller and the rest of his muppets who run those companies!


I don't really need to go on any more. It has turned into a bit of a crucifiction really.

Why do I still hold? Because I have so little in her that I am just interested to see if the undoubted Blue Sky potential will ever be realised. That entitles me to this opinion.

Ralph is an unknown quantity. He follows the appointment of TG where anyone would surely be better. If it was his initiative, then I guess having a booth at this conference is somewhat of a step in the right direction, but if it is to plug the Guinea tenements and try to sweep the DD disaster under the rug, then it will transpire to be yet another AEX mgmt trick lacking in transparency, and Ralph will lose all integrity very quickly, like all those before him.

For the larger AEX holders, I hope there is good news about DD. We will know when it comes, because she ALWAYS leaks before impactfull news.