Ann: Placement , Share Purchase Plan and Underwri, page-92

re: Ann: Placement , Share Purchase Plan and ... Hi All.

I have just spoken to Don Lewis.

They are demonstrating to the market that money is not a concern.
They are deferring the final feasibility study for awhile.
They are reviewing the Capex figures as costs are going down so it will not be US$3.3 billion by the sounds of it.It will be lower.

They are sending engineers to Mt Nebeba as we speak.
Don took some notes of some areas I spoke to him about and said he would have a look and perhaps get his people to look at them while they are down at Mt Nebeba.

They are looking at ways to refine the way they set up the drilling,as they drilled huge amounts of metres at Mbarga in fairly close proximity.They would be looking to drill more areas at wider spacings and are looking to soon send a small rig to the Congo to start this.This is so when they have a lot of rigs on site,some being big and costing a lot of money to run they are being utilised efficiently.

Regards
Westcott.