Ann: Maiden profit for Catalyst, page-5

Hotcopper is renowned for its down rampers especially from posters that do not own shares and/or are first time posters on the site (ramper's do appear but they usually own the stock and have multiple postings). The annual accounts are just historical looking facts that have already been absorbed by the market but let’s be clear to declare a maiden profit with virtually a debt free balance sheet within 18 months after continued year after year loss making from its subsidiaries is extremely positive (and pleasing). The forward-looking view is what drives the share price. The BOD has already targeted a 200,000 oz pa gold production which is extremely probable given the underutilisation of the SGI plant and the untouched gold resource in Marymia (Vango tenements) .

The only disappointing thing in the accounts is my early decision to retire if that is what CFO’s are earning these days $558,504 !