riu explorers conference, page-16

"Whats your take on this RM? Was there any signs of enthusiasm by AAR at this presentation?


0077 - I'm caught between a rock and a hard place in trying to answer your question accurately and politely. I caught what I thought was a glimpse of enthusiasm right at the end of the presentation, but, unfortunately, for the bulk of our presentation, if I wasn't a shareholder, I would have walked out or fallen asleep. In a nutshell and in truth, our presentation from Peter K. was embarrassingly amateurish.

I think we all have little or no doubt that Peter is an excellent geologist, but as the person being our conduit to 'the right people', being perfectly truthful, our presentation left me thinking: 1. - are you kidding? and 2. - what are we doing here!

Other than meekly and almost apologically saying he thought our share price wasn't commensurate with our resources and that we might have resource drilling at Feysville in the fourth quarter of 2010, Peter added nothing in his presentation that everyone hasn't presumably already read in the hard copy version.

No joyish expectation was heard in his tone throughout. He appeared exceptionally nervous. Surprising, in that I would have thought this would not have been the first time Peter has done this type of thing.

The presentation ended and the MC asked if there were any questions from the floor. A pause of the pregnant variety was followed by " OK, thanks Peter. The next presenter today is .......".

Perhaps there will be plenty of 'one on one's' at our stall during the conference.... I hope so... Perhaps 'one on one', Peter and the rest of our team will come across infinitely better to brokerage houses and fund managers than we did during our public presentation. I truly hope so, because unfortunately, nothing I heard today would induce anyone to immediately throw in with us.

I joke around on here from time to time. This is not one of those times.

Still believe we have a shot at making some money down the track, but using today's performance as my gauge, we should either all sell or put them in the draw and forget about looking at the daily prices. Start looking again around Sept/Oct.

I could be and hopefully will be proven totally wrong with my take of today's presentation, But I defy anyone who witnessed today to tell you anything different.

Regards
RM

P.S. Forgot to say 0077 that near the beginning of the presentation, Peter told all in attendance that we have three resource areas and we were "moving two towards development". The problem was that in saying the above, Peter said it like 'I've got to go to my mother-in-laws tomorrow'. It wasn't that I didn't believe him, it's more that he said it like it gave him no joy and he was under sufferance to relay the information.