Ann: Annual Report to shareholders, page-6

Read the Annual Report tonight, not much we didn't know excepting the top twenty shareholders. Yes, some interesting new additions, over a dozen actually. The top four own 40%, not 50 as I'd thought, still they've all spent plenty on shares this year. You really need a stiff drink to read the report in detail, for a small company the losses are staggering. $65 million in carried forward losses to date, over $9 million lost just on Gold Links, despite Baggers doing a pretty reasonable deal in the circumstances. Johnson has torn up an enormous amount in supporting the company over the years, converting loans to convertible notes at twenty times the current share price, hence not been repaid properly, been a key supporter of every rights issue, he's properly committed to the company, something to admire greatly. The directors are all in the hole generally in this stock, so both financial well being and pride are on the line with this Colosseum venture. We should all be behind them, despite being underwater. Not for the faint hearted, small scale mining ventures. For me, it feels a right time, right place, right people proposition. In time, we'll see.