Ann: 2011 AGM - Chairmans Address and MD Presenta, page-9

re: Ann: 2011 AGM - Chairmans Address and MD ... You always know have to cover your food when you hear the sound of blow flies...

Gee just a tad selective in your comments aren't you SBL???

Errh yes RMS did produce 100k oz at Wattle Dam in FY11 and are now estimating production of 65K oz at Wattle Dam in FY12 but ...

Mate what about the fact that Mt Magnet will most likely be in production as from January? Do you think that those ounces may increase the gold produced by RMS in FY12? But apparently according to you those ounces don't add any value to the stock (??).

And let's get some perspective here. In the corresponding presentation for FY10 the company reported RECORD annual production from Wattle Dam in FY09 of 60k oz (cf its estimated production in FY12 of 65k oz) and estimated production from Wattle Dam in FY10 of 80k oz. And here Ramelius goes and out-performs its estimate for FY10 by 25%...apparently according to the bitter and twisted it is such a negative thing when a resource company is conservative in its estimates of production and then out-performs.

And by the way back this time last year what was the company predicting production from Wattle Dam would be in FY12??? Oh about 65k oz. In other words they are sticking with the same conservative estimates for Wattle Dam now that they used 12 months ago (there they go again: being conservative in their forward looking statements).

But you have the gall to present this example of prudent conservatism by Ramelius management as being the company attempting to bury important information.

The devil is in the detail. Yes indeed: in your case you have consistent form.