Ann: Appendix 4C - quarterly, page-23

I merely like to point out to you m'am that your constant au contraire rhetoric is nauseating (as a non-holder) and serves to prove time and time again that you have always had a motive to talk down the stock. I have asked you to provide the reason but you just can't get there, can you? You have been sh@tcanning this stock for as long as I can remember. Never (in fact only once) have you ever had anything positive to say about the company, its tech or management, even with the recent staff engagements.

In my previous post on Gerdau I was simply pointing out that we need the agreement or JV to come off for the company to start kicking goals, incl a higher SP. Did you want to comment on that or just provide a silly response about the car park? Based upon your previous comments on Gerdau, I got the distinct impression that you believed that particular MOU to be a positive for the company. Again, care to discuss that in a logically unbiased fashion?

It is fairly obvious to those that have been around here for a while that the plant upgrades were performed under the previous management. As you are well aware, they're gone now my dear. We have moved on to a new CEO and various other appropriately skilled individuals. Are you prepared to give them a go or do you intend to continue dropping in when it suits you to sh@tcan the stock?

I look forward to your responses should you care to give any.

Mr B