wow

12 July 2013 Announcement "Midas to Expand Lake Carey Tenements" Marked price sensitive by ASX.

21 October 2013 Notice of AGM. I couldn't find mention of disposal of gold assets.

22 October 2013 Annual report Page 2, paragraph 4 of the Chairman's letter mentioned the new ground and also studies to shorten the permitting time-line. On Page 3 in the Highlights, Rapallo Environmental was named. On page 6 proposed drilling of up to 8,500 metres was described and there is reference that the drilling has been re-scheduled.

31 October 2013, Quarterly report mentioned the new tenements and environmental studies at Lake Carey in the highlights.

13 January 2014, Presentation included gold in the Strategy and included Lake Carey resources in Appendix.

30 January, research report gives first mention of monetising the WA gold assets way down in the text.

31 January, Quarterly report highlights include lodgement of mining lease application for Lake Carey.

18 February announced a placement

5 March notice of general meeting. no reference to Lake Carey

13 March announced sale of a "non core asset" which in previous announcements had published a resource at a cut off grade of 1g/t, 356kOz at an average grade of 2.3g/t from the 2010 annual report, then changed to 385kOz at an average grade of 1.9g/t in the latest statement.

The cash component of the sale was $330k which is approx. $1/Oz in cash. Low by anyone's calculations. The $5/Oz

Key Questions?

Why was the intended sale of Lake Carey buried in a research report?

When did shareholders approve the change of classification of Lake Carey to "non core"? and

When will shareholders be asked to approve the very low sale price?