Ann: Company Presentation - 121 Event Cape Town, page-10

Pel,

When the stock was trading at 3.9c most had it penciled in that they would get the deal done with the Tanzanian Govt. So naturally we were very optimistic about the immediate future. Why wouldn't we be.
I am happy to admit that I believed that it would be smooth sailing from that point on. One does not have the advantage of a crystal ball sitting on ones desk for guidance. I do not shy away from that fact. We have had to travel a much longer road to get where we should have been 18 months ago. It's not the first or last time a company has it's plans put on hold.
Perhaps you might like to share with us why you continue to disclose that you currently own stock and yet you have maintained your sell recommendation.
Opportune time, now for you to give some explanation and some honesty as I have just afforded you.

That would be great.

Cheers.