Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-35

I was a keen supporter of JA since the back door listing of MAN. First with Berinka Creek, then Newleyline and subsequently Delfin. I thought his back-door listing was innovative and inspiring. Then noise of his involvement of his personal business and neglecting his role in this public listed company. I was accused of being hot and cold. Hot when I was led along to believe that Newleyline and Delfin would amount to something but cold when I noticed that it all led to nothing. Now I am having second thoughts. First Berinka Creek, after 3 years they finally did some drilling. Nothing inspiring came out of it. Then Newleyline, after 4 holes in 3 years, we have heard nothing more even after claiming of potential massive sulphides conductor plates at Newleyline and Tolerno. We have not heard of any more drilling plans. Then we were informed of Delfin with tremendous historical datas, to be finally told that we were not going ahead after extensions of due diligence. Money was raised at 20c for drilling of Newleyline, now management flaged that they will be looking at new projects. Where is management credibility?. I have invested a large amount of my funds in the company on my believe in management, now I am having second thoughts. Could I be blamed for that now?