Ann: Asset Review, Acquisition Update and Cost Reduction, page-3

FWIW I have taken a different view of the comments in the last two weeks. I think they are finally going to do something - probably selling down Namibia to Tower (possibly as part of a broader deal) and, if the broader deal doesn't involve a merger, doing a (development) deal elsewhere in Africa.

I sold the vast majority of my shares at about 23p a few years ago and have watched the few I got left with dwindle in value. The Peters own 40%+...... and they've been watching their stakes dwindle in value too. Sure they've been paid in the meantime whilst the asset market reprices in their favour - but they have certainly looked at enough deals by now to figure own what they want to do and I think we are far enough into that repricing process for them to finally get the terms they want on a deal.

So I'm expecting some action, which is why I've recently raised my stake again.

We'll see what the quarterly report has to say.....

ee