agm, page-2

while I appreciate your candour in reporting on the AGM, but I'm slightly at a loss to understand where you are coming from.

OK, so you have bought STB to top up on your exposure to the Duketon, and since you own shares, one would naturally assume that you would like the share price to appreciate. And yet you appear to be somewhat derogatory towards their chairman and in particular, their exposure to a potentially massive Potash play on the basis of politics and what seems to be a rather sweeping statement that the situation is similar to that of Laos in 1990's....What the....? And then you critisise the md for not talking up the nickel.

So to summerise, you are excited by the nickel, obviously, but very circumspect about the potash. Can I humbly suggest you have bought the wrong stock. What you need to do is sell your STB and buy some more IGO....that should solve your problem.