Ann: Appendix 3B , page-5

MasseyF

For every winner there is a loser. Its just the way it is. I wouldn't lose too much sleep on this.

The ASX market has been a joke for sometime now, especially for the Junior sector. But in turn the Junior sector is a bit of joke in itself, like with MDs taking home $400k plus pa, as part of the austerity move. Tinges of a Junior Wall Street? Well we can all dream. Geos are almost as good as financiers it would seem.

The losers are definitely the ones who sell at these prices.

Insto's, no goes, usual suspects.

People just need to think very clearly about the game (s) that is going on, and it is a new game. A game with paper IOU's backed by talk, rhetoric at a scale unprecedented, touching on the abyss. Rules are being written, and re-written. Highly opaque rules mind you. Appallingly thought through and of course it is not thought through as will be revealed. Some people old enough can recall there dollar (IOU) of when they were a child is now worth a few cents.

AMX is yet to come clean with what it means when it say it is cutting costs. Is this a snip of 1%, or a blast at 50% or what. Just another game? amongst the many.

Dreaming of a lot of gold in Batie..yet to be found.

Goodluck to all.