announcement, page-13

Despite the dilution of my holding I refuse to invest another cent in this company. I no longer have any confidence in the management. First a capital raising, then a dividend and now another capital raising (despite saying it was not being considered only a month ago), and while the sp is bottomed out. Corporate communication is a poor joke and for nine months what there has been of it has been negative and badly presented. While there are factors beyond their control at work as well those factors within their control have been poorly handled.

My only incentive to stay in is that there might at some stage be some good news that causes brief rally that will reduce my capital loss when I sell, and the the desire to stay a shareholder until the next AGM so I can vote against the remuneration packages!