Ann: Bluff East RC Drilling Complete, New VTEM Targets Defined, page-11

TBH I'm at a loss as to why it has slid, I think there has been a bit of disappointment over the minimal updates. We've been collecting a huge amount of data and it's mostly looking positive in my eyes. My personal view is that it's probably because we're essentially a brand new company, despite having the same carry-over name. Also, they've had to spend so much time going back over different elements of the company and that has impacted the timeline and not met some expectations. Having said all that we're at the point in time where we see what we have in the first round of targets so it's probably the most exciting time to pay attention to us, that's why I'm surprised by the drip down - but this hopefully changes over the next few weeks. I only joined a few months ago so I'm pretty fresh and personally just see it as being related to starting-up. It goes without saying really but there's huge potential here - it'll just take patience which as you probably know most people aren't equipped with much at this end of the market.