Ann: Investor presentation, page-12

Regisale; I hold no grudges with any investor and I wish them well.
The mine design plan called for 2 tailings dams to be used sequentially; the walls of 1 was to be lifted whilst the other used; etc etc.

My "comical" argument has shown RED's decision to destroy tailings dam 3 in favour of an extended ROM pad was totally irresponsible and a departure from a verified mine plan (see Credit Suisse loan audit); in fact it resulted in the demise of the mine; one of the reasons was to extend the ROM pad was to store ore for the wet season (see ASX announcement 15-04-2013; I can produce many more!).

Comically RED has shown in slide 17 that they can infract mine 100,000T of ore in the wet season so why destroy tailings dam 3??? Why produce a chart (ore Vs rainfall) that basically discredits oneself??? I initially thought that it was the MD's fault but further reading shows the whole board was involved in the disaster.