Ann: Appendix 3B , page-3

To the shallow thinkers there might be a selloff

reality is he's done his selling this week to pay fortnight bills. It's over.

The converse should be true. AAM holders are smart and scroogy. they have been waiting for the selloff and have bought up.

Cash burn is being met by directors through exercising options. Whilst this option will eventually run out it, gold returns will takeover. The fact that they are facilitating operations at this late stage is an excellent sign (i.e. lets not dole out any further underpriced shares to the vultures).

What will send the shares south is the absence of news telling us what is going on. An update would be an excellent initiative to explain current situation and next milestone accomplishment.

IMO any selloff tomorrow will be by opportunistic types looking to exaggerate the situation to their benefit.

GC