Ann: Quarterly Activities and Cash Flow Reports, page-24

That's right Captain Obvious, there is not one owner that isn't concerned about the dilution of equity via volume and value in the last +3years.

All would pinpoint that decline to a lack of progression to mining, which has turned around since you started down ramping aggressively.

Speaking of progression to mining, here's your opposite call and what actually happened

• DFI will throw out WWI during DD, going through to approval stage.
• No other lenders are interested, 1 bank moving through DD stage.
• SP is going down, it went up.
• GP going down without China, it went up.
• WWI doesn't have an MR for Qala, WWI does
• Load shedding a problem, 100 days of 0% load shedding to date
• SA won't elect a Cabinet or President, they did
• No knowledge of how to stope-mine, updating an finalising all agreements with contractors from DFS
• and many more