Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-33

One thing not mentioned is IMO the new CEO has restored a lot of confidence with this report.

To be quite honest, a bit like the Half Yearly (due before he started), I didn’t even expect a Quarterly, let alone 5 days before it was due. I think in this one report he has answered all the critics (rightfully) asking where are the updates, where do we stand?

Ok future financing is unanswered, but we know how the mine is going and their immediate future plans, a bit like the LOMP, when they know the answers to financing etc, they’ll let us know.

I must admit I’ve done very little research on Scott Lowe or Brett Fraser, I had a brief chat to Brett at the AGM, but since suspension, as it’s out of my control (re selling while suspended), I’ve directed my research hours into other stocks with the opinion it’s out of my control, what will be will be.

In any case the research I did on Dr Cowden & Anderson looked good, obviously flawed, maybe Geologists don’t make good miners?

As I’ve posted many times, gold mining isn’t rocket science, there are thousands of gold producers, small scale to large scale, we have a great resource, a fully operational plant with an experienced work force, any competent management should be able to make it work, hopefully Brett And Scott will make it work.