lack of disclosure, page-4

GS,

The management last year made it perfectly clear that they have put a hold on Windarra operations to preserve cash until the market recovers. The market still hasn't fully recovered.

In the mean time don't forget they have gone through the South Windarra drilling database (that is a job that would take several months) and that is now in a position ready for the next round of planned infill drilling. A new resource figure will be calculated without much drilling for that. It is just a matter of time before they also announce dewatering at Windarra and drilling again.

Must not forget they floated another company in the mean time.

At least Singleton is trying to get things moving along with Cawse which he said in the 1/4 is taking longer than expected. God knows what he may already have in place but I don't know how he can inform the market if Norslik have not informed him. Russians don't do business like us and we must be patient and respect that.

The last thing they would want to do is prematurely say they have Cawse then to find out later on that Norslik have withdrawn the sale. That would destroy POS. Nothing can be said to the market till the paperwork has been signed. Norslik are the one in control with this deal, not POS so we must be patient.

In the mean time they informed the market that there are other plans in place but it is irresponsible of them to inform the market till the deals have been done.

How do you know, the rumor of Ravensthorpe may be true and if so this will still take months. It takes more than a couple of days to raise $790Mil if you have a MC 1/10 of that. Remember Rome wasn't build overnight.

The way I see it, they are probably waiting on Cawse to be acquired first then other acquisitions will follow.

You must be patient. The rest of us have been waiting nearly a year for Cawse but still holding on.

I am sure he will want some news to deliver before the AGM.