Ann: New Exceptional Drilling Results at Link Prospect, page-50

Here's a couple of facts in response to your "Hawkes Point are a proven successful investor in other GOLD Ventures" and "Having Hawkes Point onboard also provides a certain amount of risk mitigation."

When Hawke's Point first bought into Rox HP was a tiddler in their segment, having only about US$150m of assets under management, primarily in three small Australian mining outfits. There are some big boppers in that segment, who can throw their weight around, but Hawke's Point is clearly not one of those.

The bad news is that as of the end of June this year Hawke's Point now only has US$100m of assets under management, so they've dropped a third of their AUM in the time they've held RXL. And I'm not sure how Hawke's Point provides any amount of risk mitigation. I suppose they can share the pain of other RXL shareholders as the company continues to underperform.

I do think someone with a reasonable amount of competence should be able to do something with Youanmi, and when that happens I hope RXL shareholders do well. My own personal opinion is that that someone is not Alex Passmore. For the project to be a success it has to be prised away from his grip.