Ann: Cannon Big Pit Agreement Executed, page-16

In view of the comments made prior to this new deal over Cannon & George's Reward, I find it disturbing that many conflicting comments are being made as to the value of Cannon prior to and subsequent to this expanded joint venture agreement. I thought initially that SAU were being softened up for a below true value bid for either the half of Cannon not owned by MLX or a similar bid for the entire SAU company. I am surprised that 14DMoney & Boring Boy with their deep insights into the gold mining industry and in particular their knowledge of SAU.