Ann: Diggers & Dealers Mining Forum presentation, page-41

I was wondering if you're a new RED holder with rose colored glasses on - but it appears not. Have you averaged down? If so you're now have some risk because there is little room for error for RED. The Siana sale is very much a positive to bolster cash. Notwithstanding RED is banking on nil-delays with koth and POG holding. Indeed koth is 'on time and budget' for now but that's assuming it won't slide right or have major problems with infrastructure or grades or anything else.

The presentations from MW have all been very scientific and ideal. Reality will probably be something different. As for POG - not many people understand what drives POG. Better off investing where there's a margin of safety i.e a decent AISC and decent balance sheet.

RED is a bunch of lifestyle directors. What about the raise at 16, what a corker, and even then MW didn't pile in.