Ann: Share Purchase Plan, page-47

So far all I've read is speculation on the comments.

the company's main focus is gold. I have personally talked to Peter and with the announcement this was confirmed. The market is very bad for junior explorers so the announcement is good in that they are focusing on gold, doing low cost work and putting the money into the primary gold project to then drill when the market changes.

a reverse takeover is full speculation and the natural consolidation of the 2 companies will add value as the resource and tenement will grow significantly.

Peter and his wife hold a large percentage of their wealth in the company. Peter at 11million shares himself and have taken pay cuts and are taking pay with shares. Which signals alignment to shareholders and belief in the company.

the team has done this previously in the same geology and market so have previous experience in creating shareholder value.

the company has roughly 950koz gold (inferred) which is significantly undervalued in comparison to its peers. No debt and remuneration the same as peer companies.

don't follow trend and momentum and let emotions get to you. Analyse the company and make calculated decisions.

if you are unhappy and are a current holder use the arbitrage and sell your shares take the loss for future tax minimisation and buy the SPP at the 1c with more shares and a lower cost basis.