Ann: Quarterly Report September 2012 , page-4

I think most people twigged that it was going to be a poor quarter when the merger presentations showed that cash had reduced by around $4M. I was hoping the quarterly would put pressure on the price so I could buy more but that hasn't happened - at least not today.

The one thing that concerns me about the Read zone is the drilling shows it to be patchy. The results are either outstanding or nothing. It will be interesting to see how mining reconciles with the modeled resource.