choking, page-17

Hi AP,

I've just spoken with PJ regarding marketing/promotion.
I basically vented and explained my frustration with the share price. I have to say as far as MD's go, I'm very confident & pleased with PJ's performance. He answered my questions re share price & it all makes sense now.

I was a bit hesitant about posting this (out of respect to PJ), but then I figured most brokers must be able to access this info (who is buying/selling), so I've decided to post this.

Basically in summary, there are some vendors who have a very low entry price (from CDS days) who are now selling. This is frustrating PJ as much as it is us (as he is also in the red), and I think discussions have been had with them re purchasing their shares (but to no avail). Once their selling ceases we should be trading at a much more respectable level.

PJ is extremely happy with progress to date & agrees that a lot of people don't appreciate how far we've actually come & the fact that a mine isn't built in a day.

Basically there is NOTHING fundamentally wrong (in fact it's quite the opposite) as outlined in the recent AGM presentation.

Land settlements should be out soon. All contracts etc have been signed and now it's just a formality which takes more time than over here (as it's S Africa). We also secured the land at very good price.

It's all upwards from here (once these morons quit selling on low volume). That was the other thing (have a look at the low vol they are selling at (because most other investors are holding). PJ is very happy with our share register & once the selling finishes we will have a very solid shareholder base.

I feel very confident & if you have any concers I recommend contacting mgt directly. They are very approachable.

Sit tight - upwards from here!!

Cheers.