outlook on u308, page-18

Macau,

With due respect to the board of RSL they are solely focussed on uranium -and the CEO has no skills other than in that commodity. If uranium fires -and that may well occur -then there is some hope for RSL and all the other distressed uranium plays on the market.

Personally I have called this market right thus far and I am of the opinion RSL should move aggressively into a gold play -in tandem with it's existing uranium and niobium portfolio. But they think they know best.

Naturally as a substantial shareholder of RSL I will keep up the pressure to change their focus -as I am doing with various other cashed up companies sitting around like stunned mullets lamenting the demise of the iron ore and manganese boom. Companies whose management lack the imagination or the skill sets to secure control of million oz gold resources - going begging out there for less than a million dollars !! But there are some big egos too - that's the real problem -and lack of resources knowledge -particularly gold.

This is a land of opportunity - they might be sitting on their hands mate but not this old warhorse.

Good luck TT