Tazaus. "It's had too many stuff ups in the past eg chanappe." I...

Tazaus.

"It's had too many stuff ups in the past eg chanappe."

I certainly do not consider Chanape a stuff up.

Inca found a porphyry which very few exploration companies ever do. The fact that, at this stage, it is uneconomical, has only been revealed by drilling and testing. That is not Inca's fault that it has proved to be so.

The money could have been raised at .008c, in my opinion, instead of our holdings having been devalued by about 40% on the previous rising share price.

I think that Inca will prove to have a very valuable resource in time but, I also feel that the long term holders will be lucky to ever get a decent return on their investments now after all the support they have shown to the company. We have had to put in too much money and we are now starting from such a low base to enable us to recoup our money and show even a meager profit.

Lockitt