Ann: Options Expiry Notice , page-4

Hi Clark,

I'm glad that we can converse happily when we obviously have divergent views regarding Havilah's future.
My assessment is that our directors are good and honest men, but that they have limited insight into how our company should be run.
Our directors made a massive and unforgiveable error of judgement in facilitating Glencore's arrival as our largest shareholder. I would have expected our directors to have resigned in disgrace, but this did not happen.
In fact, our directors accepted no responsibility whatsoever in this debacle and remained resolute.
Yesterday's re-hash of a viable future for our company outlines a time-frame of nigh on three decades for all to come to fruitition. This plan is simply drivel for shareholders who have been loyal over so many years and who now understandably wish to access the fruits of their then risky investment turned now highly successful explorer.
Shareholders want their invested capital back right now, along with plenty of interest for their time and suffering.
More than $1 per share is needed right now to satiate the frustrations of long-term shareholders.
The concept that shareholders might br content with "dividends" into the next three decades is ludicrous.
Bob and Chris will not be around to fulfill this plan unless they have perhaps discovered "the fountain of youth" somewhere on our tenements!
Let's be realistic. We have no money, not enough to even pay the Mining and Rehabilitation Bond for Portia, let alone the $30m to develop this increasingly unfavourable resource.
Havilah needs $600m to become a successful mining company.
We currently have maybe $4m in the bank.
Let's get real and liquidate everything we have to give back something to shareholders.
A near on thirty year game plan is simply not on for a quirky little company such as Havilah.
As my father always said: There are only two significant days in the life of any shareholding...... The day you buy and the day you sell.
Am I the only one wanting to see cash now?
For heaven's sake. I won't be here much longer to see our current directors thirty year plan eventuate.
Come to think of it, neither will they.