Ann: Trading Halt , page-46

Hi Shady,

The two potential situations that you mention would appear to be reasonable to consider. My concern now is that without knowing what is behind the boards motivation a whole new layer os speculation has been added to the risk profile of the stock.

RNI was a speculative situation anyway and we are now speculating on a speculation. There is a lot of conflicting chatter going between associates of the company which makes me feel very confused.

I do not like the way the company has handled this whole matter. I am reserving my future attitude until the company releases the resolutions to be put to shareholders and hopefully includes some form of information memorandum.

I will also await with interest for the company to release it's next qtly exploration report hoping that it may be more informative than has previously been the case.

Sorry that I cannot pass on more specific thoughts at this stage.