Ann: Increases Marampa Stake , page-11

Sydney... without looking to be too anal, I can't help but ask "If you know that the Marampa project is overvalued at $400M, then it logically follows then that you have a view what the Marampa project is worth. What value would you attach to the Marampa project and why?"

Regardless, the market is of the view that the Marampa project is worthless. In fact so brutal is the market at the moment that it views cash (as in cold hard stuff you can take to the bank) is worth less than face value.

A 5-10% "slash" (as in 1.4 cents to 2.8 cent fall)...hmmm... against net cash asset backing of around 60 cents , probably not worth losing too much sleep.

Good luck today... not expecting too many surprises to the upside.

DYOR etc.