Ann: Extension of MOU with AJLAN, page-51

Every day another tirade from the Hotcopper clan.

SRN are trading at a rough 40% premium on the Frankfurt exchange.

There is no question SRN are undervalued with the projects they hold. Perhaps they need to diversify the story a bit - clearly VA is in a trough at the moment. Will be for some time. Along with IO. So selling that story to the Australian market, who want returns yesterday, probably wont garner much support. Priorities shifted over the course of the MOU for Ajlan - so they have extended, hard to put this on Managment and a bit narrow sighted..

I will however say, a gold price hovering at 3700AUD -bring a little light back to Yidby - doesn't the gold price suggest more side work and reporting (particularly around the main discovery) while progressing VB development would be in line with market expectations. Get the thing to a JORC compliant maiden resource or sell it, but DO SOMETHING FFS!

Actually gobsmacked that this company hasnt pulled their finger out with Yidby.. Barely any mentions of it while the gold sector booms and the SRN market cap languishes at circa 10-12m.. Time to pull out some stops - 2 MDs and a bloody CEO - not a word to the Australian market from the CEO and how much are we paying him.

All the while every clown on hot copper comes to have a go at licking the wall with their sh*tdipped paint brush. They are clearly being given a right of passage by our management. Its pretty frustrating and becoming hard to defend.