Ann: Change of Chief Financial Officer and Company Secretary Role, page-24

I'm not interested in buying shares, its easy to see that mgt has only just started the journey with razor back, plenty of things to be completed, and yes mgt is really only at the starting line, with mine development. I'm not trying to make the share price lower so I can buy, by saying mgt is at the start line. Thats just a fact. You can buy more if you like, no one is stopping you. You can even sell if you like. Thats your business. Nothing to do with me. I've never said I would ever buy shares in mgt. The only way I would be remotely interested, if the drilling program, returns grades of 25 to 30%. Not going to happen. Thats the only way to get the irr significantly up, and the iron ore price to go mental again. I still wouldn't buy, I would put more money in Rio and fmg