south sprint leases

Hi guys

Naturally it was very disappointing to lose a number of leases.

Also it appears a number of directors who have left did not act in the best interests of shareholders. Fortunately our new directors look like a much better crew. I do not know how people such as Andrew Hamilton can still act as a director of a company. He was directly responsible for losing the leases and how the company came to borrow and spend millions from shareholders and other companies and still not maintain their expenditure requirements on the leases is impossible to fathom unless management were very reckless, careless or worse.

The company has now submitted a bid for the leases, or most of the ones they want at South Sprint. The company should have a good chance to win the leases back considering the circumstances surrounding their loss and also because they hold much of the key infrastructure at South Sprint etc and also because our new management are doing a better job at handling company relations with other stakeholders.

I look forward to seeing how things pan out over the coming months etc.

Cheers