wiser heads, page-3

Hi there bellaquattro,

i think the GGP story is pretty well known now and not just within the trading community. Also, GGP problems are well known so until they are sorted, I believe we will be here for some time yet.

While the market resignation of the two board members was one of the hurdles, the company still hasn't cut them free,or at least one of them free , as he still has ties with GGP through his privately held entities, as explained by EMC2.

The tie up with Novus is still lingering and as long as they still have a "mandate" with the company, we will continue to see dilution of our holdings. So the next hurdle in my mind is that we secure a seat on the board but, I am still keen to get both our candidates a seat. I know there is a lot of work behind the scenes being done to achieve this.

So before we start to see the SP start turning around, we need a couple of hurdles yet to be jumped.

1) Get our candidates onto the board.

2) Get to the company books and see where we can cut costs and just make sense of where the $80+mill has gone over the past 9 years.

3) Find an alternative funding arrangement for SG and cut free Novus and their one man band of dilution.

Once the market sees these hurdles have been jumped we may then see a return to a northerly aspect of the SP ??

Regards