Ann: Extension to Entitlement Offer Closing Date, page-64

Rev, i feel your frustration that the company hasnt grown as fast as we would like, but thats the risk you take with mining... had we found some better grade deposits along the way we would be exponentially more advanced in our growth..
no i have zero affiliations to the company, or directors.. if you want to beleive that there isnt really a way i can disprove your beliefs.

im not saying the company has performed well .. the growth has been both slow and relatively costly compared to finding your own ownces and its reflected in the share price. however teh company is growing, its putting the pieces together slowly but surely.. the last quarter was undoubtedly a setback... its fine for you to say its underperformed and you want to go to greener pastures.. Ive no argument with that.. but i reject the claim that the company is about to go bust, and its even more rediculous for people to be complaining about the share price being low when we dont have the financials to justify the share privce being high.. either currently or in the short to medium future, unless changes occur.. such as capacity expansion or a big hit in TL. while i think we are over the worst part of our cashflow issues with McP prestrip.. i dont see a massive increase in free cashflow until GL ounces are processed and out of the way.

I feel I'm being realistic in accepting the current share price for what it is, while seeing a lot of the work of company building for the future is now done: plant, fleet, LOM
I accept that growth has been slow and the return to date as a consequence has been an underperformance, but you cant change the past.. you cant tell them to go back in time and dont bother mith min min lights, or dont bother with mcpherspons, find a better resource.. it is what it is/.. it is the risk of minning.. and so far in the past four years we have got next to nothing out of the drill bit.. and that in my view is the biggest area of underperformance... do i blame anyone for it.. no.. its the luck (or lack there of) of exploration.. had we been an explorer only and so many poor exploration drilling campaigns do you think we would even be in existence still? I dont think we have had one sucessful exploration campaign in the last 4 years.. and thats just tough luck to us unfortunately.. but does that mean we are destined to never have better days at the drill tip?.. no... and if we do find more deposits for Jaurdi.. do we have the cost of building a mine to monetize it? to date most of our free cash flow has effectively gone into replacing ounces so in reality a considerable proportion of it has not really been profit, its just been treading water and not really profit at all.

I voted against the Lady Ida deal as being to generous to GL.. however I dont hold the view that directors are destroying shareholder value deliberately through the underpeformance of our SP.. the previous paragraph is a reasonable explanation for that situation. I think a lot of that talk just stems from frustration with our share price to be honest.