aar now at liquidation prices, page-6

Hi AKQ

I hold only a couple of million AAR shares so I am not a top 20 shareholder, but I have found that Angus is quite happy to talk to shareholders and from my discussions with him I believe the directors are aware of the need to increase the information flow.

The problem at the present with AAR is that the punters are placing too much emphasis on Zinc prices (which are low at the moment) and not enough on the Copper resources AAR have.

I believe we will see an upward shift in the SP in the next few weeks and we will be encouraged to find that the company is still making a small profit for the year.

Angers