Ann: Quarterly Report and Production Guidance/Cashflow Report, page-64

Today we are around 60% down from ATH after the first spod production report. Those that were blowing up the CEOs backside, how iis it looking? I estimated 120m income and 30m tonnes. They have 150m balanced, (CR was 100m) .We are now valued less than 1.40 (with no working mine). GM is not looking too good as experienced CEO, being on top of operations. Stu has done a good job at keep people informed but changing people mind of management performance is not going to be easy. Retail hold 70% of company, the majority SH. GM has not been performing too well for the vast majority. How long will it takes for things to turn around?