pumped and now dumped, page-8

There was no pump and dump.

Someone has bought close to $1million at 0.009 and has them for sale at 0.010 so there is no big gain for that person.

We should see some action soon as management are keen to get a project away and to do something with Mt Coffin.

I am happy to wait. JR knows he has to deliver and at least he is addressing that.

We have a JORC and plans coming within two weeks for ADD so that will allow JR and the board to focus their attention on getting RMG moving. I am confident but to be honest, the Greek debt shakeout and the Rudd Mining Tax has dampened things on the ASX generally so am not particularly worried about RMG.

I have not sold down anything and will wait to see what evolves with a new project and/or Mt Coffin farmin JV before I look at any strategy for RMG.

Colonel