Ann: Change of Directors Interest Notices , page-20

On the Ziggy one at first glance it looks bad. But essentially he is where he was a week before, the problem is that instead of one notices to cover the convert, buy and sell, there are two.

But yeah he probably needs the cash - was an employee until a month ago.

Still not sure how the market will view it along with the several month late notices from the others.

On the value front I tend with Pile. If you value the whole resource with a single figure of 250 per Oz you get 0.88c.

The problem is I am not sure Attila is worth that much. I have a 100 per Oz value on that giving me a 0.45c SP. But yeah I am always conservative.

Factor in the new POG and value Attila at 150 per Oz and you get an SP of 0.60

The question is how much value do you put on prospectivity.

Make some guesstimates about Justinian and you easily get to 0.75c

Hard one to call.

Not really complaining - just would rather avoid a skyrocket up and a flame out and crash.