Ann: Initial Consideration Received Following Completion of Sale, page-4

We have 5.3m cash in our account. More than ever before. In addition, for 7.9m CNB shares, or around 2% more today. CNB seems to be "running" - positive scoping study will let the SP of CNB fly and our share will increase in value. Open Pit flushes even more money into the coffers. In a nutshell: Enough cash to drill for 3-5 years. No dilution, no CR.

We are now the majority shareholder of CNB and - on a humorous note - this will make it easier for us to take over CNB later on.

Focus now on the next results. Shadow South could be a loser or a hammer. If they find a trace of an IOCG, we are double digit. Don't forget Hardway - could also be exciting. The market still doesn't want to see the potential or doesn't trust it. There is always something to complain about - you just have to look long enough. The SP in no way reflects the potential. Wish all a good week. DYOR