Ann: Chairman's Letter to Shareholders , page-12

Thanks for your reply Chooky,

I think the story on this company is possible. i own the stock.However; I am dirty on myself for not realising sooner or until it was to late what the company was trying to do with bringing its assets together using its share price or value.

Not sure what this forum is for. Moral support? So I am just going to spit:)

Here is my guess at an idea of what has gone on. They wanted a lower VWAP for the Mbila increase and thought the price would recover, then to be followed by a CR at 20c as it outlined/hinted in the general meeting. It got crushed, bigger players want to pick up this offering cheaper. i am only guessing but they may have taken a more brutal bed partner than they first imagined, it maybe nice to have a big M but they play hard.

i do think that if it gets to production this stock, if its not acquired, will be worth something substantial. Its just the game play between then and now that at times looks disconcerting. I realise commodity prices have softened, but if this is a stock going to production valuation becomes a lot easier because it is derived from revenue projections.

All only a guess and My opinion.

I hope everyone does well!

Cheers