Ann: Mining Resumes at Morning Star Goldmine , page-126

hi crew,

i know i keep saying this but i really believe if you have any questions to give nick a call.

i've been pulling my hair out for the last ~3 years with MCO and completely agree about the lack of news flow. i can assure you however after speaking to nick that there is nothing to be concerned about. nick is genuinely very open and admits his strengths and weaknesses, and admits that 2011 was not a great year, however now the ducks are starting to line up and he is very confident with mike at the reigns. he said the board and the major investors are happy with the progress and capital is not an issue.

in the short term, if you want to sell your shares then unfortunately its not a good position to be in, but my discussion with nick indicates that if you are medium-long term there is a lot to look forward to.

nick has confirmed that there are no major issues going forward, and the minor issues have not been worth reporting to shareholders, ie challenges of finding the appropriate skilled labour, especially specialized jobs like air leggers etc, also tough demands on the labour market from other mining companies.

nothing market sensitive was mentioned to me, but i am happy with what i heard and nick was not dodging any questions. he was very open and he said he is happy for shareholders to call and chat. columbia i'd really advise this for you, as you get more quality information from one phone call than you will on these forums in a year.