Email to Jeremy Gray, page-9

Valient effort, but likely futile. I have sent a similar mail a few weeks ago, but received no response.

My biggest gripe is the positive oratory at the 121-conference that was filled with various far-reaching statements by Mr. Gray all the while the production break-downs were happening at the mine site. It is unfathomable to me how you are guiding investors into a positive direction when you must be fully aware that bad news will be forthcoming.... That head fake by Mr. Gray has done irreparable damage to the credibility of the entire management team.

I'm still holding on - not based on sound reasoning but out of pure spite...