Ann: Sipa Reaches Agreement to Divest Thaduna, page-32

Hi Smithy, long time no hear from. It is disappointing that Thaduna has failed to live up to the expectation that i any many others on here first felt when Mike announced he had found the large secondary blanket. But i'm a pragmatic person. I see no point in continuing to pour big money into exploring a particular tenement. When after 5 years of concentrated effort it has yielded very little. As Peter said maybe the result would have been different if the exploration was carried out in a different manner. Exploration history is afterall full of success stories built upon the failure of others. A small company with limited resources is best trying to achieve the biggest bang for its buck. Maybe we will find that in Uganda. Maybe not.

We have criticized Mikes methodology for years on this forum, spent years calling for change. Now that we have a new M.D who has implemented change, many of us still aren't happy. As they say cant please all the people all the time.