Ann: Investor Presentation , page-4

Mine profits tax are 60% in Zimbabwe ...

Forecasts indicate that the value of Zimbabwe Chrome Ore production will fall 45% in 2014 ...

Current deadlock between the Zimbabwe Mining Companies and the Mine Labour Union over demands that mine workers wages are doubled in 2014 ... Nationwide strike action pending ..

Plenty of uncertainty before the consideration of Sovereign risk .....

I hope this Board have thought this one out properly ...