Ann: Change of Contact Details-CTO.AX, page-12

I've got to be very careful what I say here. First of all I agree with your opening comment gmt. What I am prepared to say is I have a lot of friends in the North Queensland mining industry and talk to them often. CTO appear to have enormous financial problems, in CT in particular, at the moment. They don't appear to have "two bob" to put into anything, let alone a joint venture in India. I don't believe they have been looking at this goldfield since 2006. This appears to a distraction. What has happened to their idea to let another company toll mine their "gold" in CT. You can bet ML will be blowing the trumpet immediately if there are any offers. Watch this space. I think what HC posters will read in the next few weeks will not be surprising. I hope the ASX starts asking more questions if the toll mining idea fails. My thoughts only. DYOR.