Ann: Company Presentation, page-70

You do know these results have been almost 12 months in the making, right?

the share price fell 50% in that 12 months, then when it started to go up, the company raised with 6% dilution and a 20% discount, this resulted in 100m shares added to the register and a 33% decline in share price.

Praising the management? They've been paid handsomely for the last 12 months.

They didn't make the gold.

They raised money from investors, they hardly put in any of their own money, and then they hired professionals to do the geology and drilling.

They've explored, drilled and assayed a region where they have said that colour is screaming at you from the surface.

Credit where credit is due, they've progress this far, the results have been good, and more recently they've been excellent, but all of that has been undone by pointless Buy backs, chasing ounces for performance shares to the detriment of timelines and resource upgrades (which resulted in no longer being fully funded - their words) and dodgy raises.

The share price going north was the result of $15m investment, 10 months patience, a heap of drilling, and a geological blessing - in a region that's been labelled "elephant country" that has several equally blessed deposits.