Ann: Technical and Strategic Update , page-7

Annoucement: Well, there's a sting in the tail of this one.

Great results delineating the resources but still no JORC resource statement AND HEG need to cut mine production rate to concentrate on more exploration & development work which costs more money which needs to be funded. Makes no sense!!!

IF HEG were to increase production to 100,000 oz by mining the high quality stuff already identified then surely that obviates the need for seeking more capital and diluting SP even more than it seriously is at the moment!!!

Com'on guys SP of 15 CENTS after this period of diddling around is not acceptable. Let's get on with getting the stuff out of the ground. That will pay for getting more of the 5 million oz OUT!

How long do we have to wait? PB and his mgt team have diddled around the edges of this long enough! Where is the news report on this one? Still no report in AFR this morning on what should be seen as a great result apart from the lack of JORC and more Capital funding required.