Ann: Comment on today's AFR Article , page-3

Guys, I would suggest caution in this stock, I have been burnt before by these guys. They have a history of encouraging rumours, that do not eventuate into anything. It is well known that they have been seeking a rescue package since mid last year from overseas parties, in particular from China, and are yet to get any interest. This is at aa time when the Chinese are faalling over themselves to buy into Aussie resource ccompanies, just look at their neighbour in Broken Hill who successfully completed a placement with a Chinese group last year.

I also see that last month Steve Dennis was quoted in the Cobar newspaper saying that if the NSW Govt did not free up the company from its obligations to provide a $12 million environmental bond, the Compabny would have to shut its Endevour mine in 2 months. This tells me two things, operations at Endevour are not as rosey as they are saying and that they have cash-flow problems.

Be careful buying on hot air and rumours