Ann: Appendix 3Y - R Waugh-MGV.AX, page-25

If the deposit is anything like neighbours, it will be deep, large, with lots of investment needed....just need some keen holders with vision....and we will be fine.....we all know they will need money in 12 months as a result of such an aggressive drill campaign, but they have some pretty good shareholders to rely on, and if we all bid the price up (rather than wait forever in the buy queue from the limited stock on offer) it will be better for all of us as most of the raising will come from the registry big wigs. This is not a trading stock.