Ann: Company Presentation, page-41

I feel like I started saying that in 2011 Whereisone.

The greatest disappointment has clearly been the communication from ORE Executive. We are all big boys/ girls and can handle things going wrong. But the lack of disclosure has been a constant for years. (For instance, what is the real story with BoroxAg. What are the cashflow implications at the moment?) The ability to form a medium term view on cash requirements has been abysmal. Nameplate and new steam production are never easy and rarely on schedule. But I have it on good authority that their last raise (late June) was oversubscribed and many Canaccord bids were scaled down by +70%. Think about that, they knocked back $7 for every $3 they accepted. At $1.90/share.

My belief in the project and sector is unwavering. My faith in Richard Seville and the Exec team is lackluster at best.

Execution is all that matters.