Ann: Director Appointment/Resignation, page-9

I think we need new blood with fresh ideas and experience in good capital management and most importantly, good broker connections. Sure ... keep Patto on the board for his gold experience but not running the company, or we just end up with another GBR and get diluted to oblivion.

I think James was on the right track in terms of small CR's to keep our heads above water and get us out of the mire, keep the SOI low and tight, get a new project with the potential to lift the share price to 20+ before raising more meaningful funds.

We have a lot going for us. With a market cap of just $4 million, $1.2m cash and tightly held 129m shares on issue, we are almost at shell value, but with some great company making projects. If we were a new IPO with this quality of the projects, we could easily list at $0.20 per share in my opinion.

Better still, I think we would be a great vehicle for a quality high value backdoor listing and we need a CEO with the right set of skills to make it happen.