Ann: Leonora Gold Project Update, page-30

Reading this progress report it's bleak reading , they don't seem to offer a concise strategy out of this mire . Is Sprott going to cover the shortfall in construction costs , probably not - as it was the companies figures that turned out wrong . What happened to Blackham was the financiers wanted a tough deal & it took quite a while to organize . Don must be having a good laugh . The company has suggested a capital raising . if it's done on a 5 day WAP -it could be 14 cents. Thus instant halving of share price . It is hard to fathom that this project wouldn't proceed at this stage- but this just came out of the blue at shareholders . I don't know what your bank balance looks like - but it's a pee-off that shareholders cop their mistakes. So it's every shareholders personal decision whether they will tip in.