Ann: December 2016 Quarterly Activities & Cashflow Report, page-7

Hi Letherin and all,

I really think they started out with good intentions; however, between bad luck and some very poor management decisions here we are today.

If I'm right in regard to the comments in my previous post someone or small group will make a killing here and there is very little we can do about it.

I’m sure once all the loans are re-paid to the various directors’ and if they continue to mine at the current per ounce cost then shareholders can expect to receive four fifths of nothing.

If it’s delisted and sold to some small group or individual they will give the market time to forget and most likely re-list as so often happens; however, they won’t be seeing any of my money. Neither will any company that ever employs any of the former directors. These people destroy shareholder value and move on with impunity and whilst some here may feel like this is criminal apparently the powers that be don’t!!!

I accept my money has gone and have moved on.

I wish you the very best of luck in your future investments and hope you can dodge management teams like the KRM shambles.

Cheers and very best regards: Andy