Ann: Change in substantial holding, page-11

Germans buying on market is a massive sign of confidence. Mr selling is a gift as has depressed price for months. Especially given the raise was at 14cps and they are coming out with some major catalysts soon. I hope the deal for nimbus is a good one for all holders. Don’t want to see if just get sold to a pty ltd for example. The high grade core alone is as good as gm1 and look at where they are now...prefer them to just hold it and focus on gold and then build a concentrator next door at nimbus with the profits. Having people approach them is saying something about the quality of the asset. I’ve done a lot of research and thinking about it (nimbus) and unless they can get a lot of upside from it now, they are better to hold it IMO.