Ann: December 2016 Quarterly Activities & Cashflow Report, page-5

Hi NZ Trader and all,

It’s very magnanimous of the company to carry on giving the local mining work force a living wage; however, this is being done at a cost of mining one ounce of Gold for $3,000.00. I can’t see how this is practical for a company in administration.

My most cynical view would be that someone or some small group wishes to maintain favour with the site workers until such time as this company is wound up de-listed and privately purchased for a fraction of its true value.

This should reinforce investor’s views of sovereign risk and dispel any thoughts that shareholders are afforded any protection at all from ASX or ASIC personal currently asleep I fear!

Cheers and very best regards: Andy.