a goldie of a deal., page-52

Hi Kiwi

Seems to be a few dicussions with you involved now and I dont wish to even touch on the legal side regarding the ASIC as it's way out of my league. Our disussion was about how they kept drilling with a supposed order to stop. Also you appear to be the only person here sitting on the other side of the fence that does hours of research trying to back your claims and admire that rather the one liners from other people that when you shoot down their views with research dont bother responding and just print another one liner.

I havent the luxury of chasing them around hotcopper and bagging the stocks they have invested in but they do on this forum. I'm not defending the company and do think they need to pick up their act as far as reporting back to the shareholders but I'm defending my right to invest in anything I choose without being made to respond to individuals with no research to back themselfs up.

Point #1
The company failed to inform shareholders about court case's, agree totally here but the companys view is that Genorah had valid rights as confirmed by the DME on the 19th Semptember 2007.

Point #2
"The goldfield deal to sell back to NKP" Goldfields never sold back to NKP, Goldfields farmed into it with Genorah and up to that point NKP wasnt involved with the Tabatse project. The value NKP would of placed on it was because there was drill results outstanding and that it was extentsion to the Garatau project.

Point #3
Doubling up on drill results, yes some of these had the same hole numbers but some were for the intersection of the Merensky reef and others for the UG2 reef.

Point #4
How were they still delivering drill results when the had a court order to stop? Sorry mate this is cut and paste from my old post with a little new information.

"While waiting for a response they launched proceedings to interdict Genorah from proceeding with prospecting operations on the farms on 22 March 2007"

We know from this legal proceedings were launched on 22 March 2007 do you know the date of the adjournment? Thats important because it may have been much later in the year.

Evidence suggest's they were still drilling on the 5th November 2007 as per the media report that was written about Genorah hiring mercenarys, which were a South Arican security company hired to protect equipment and personal after 2 drill rigs were destroyed

The last resource update for Nooitverwacht and Eerste Geluk was on the 3 July 2008 for 20.37 Moz

On the 5 May 2008 it stood at 12.4 Moz and the company stated that only 40% of drill holes had been analysed hence the upgrade with no drilling taken place

These samples were transport to Perth for to be analysed too because of backlogs of work within South Africa so this to could explain the delay from drilling to results and drilling may have been completed at the end of 2007 as were a media article said that genorah hasnt been back since.

Kiwi an important bit to your argument is actually knowing when the drilling crews withdrew from Nooitverwacht and if they continued at Eerste Geluk considering this is contoled by the Roka Phasha, I have no information for or against this view. Also counting the drill holes is inaccurate why of telling me that they were still drilling as the lastest annual report still has drill holes planned and borehole drilling which accounts for some of these numbers and doesnt mean they are physically drilling just that these holes werent completed. Also high gade drilling results mean just that "results" the time between drilling and recieving the results could be months.

Thanks again Kiwi for your research and you make me double check mine...have a nice xmas bro and read iam's post