Ann: Half Year Accounts, page-17

Gaz. My loss is around 99% of my initial shareholding. I joined in 2010 when the company was exploiting Melrose gold mine and Mount Elephant. Both were announced with significant gold findings and Mount Elephant had high grade copper. It was disappointing to hear the company sold off Melrose for $1.5m and never did any work on Mount Elephant yet there is something like $1.8m expenditure over 10 years of owning Mount Elephant only to have the company drop it. Never one announcement of work conducted at Mount Elephant and now the same is happening in the Northern Territory with constant announcements of going to happen but never happening. Where is the Great wisdom in this?