Ann: June 2011 Quarterly Gold Production , page-14

I am out too Gents - simply due to the realization that the company has structured a deal that in the end favors the chinese. We bare the risk of production shortfall, and by the lack of recent news flow the shareholders (exc chinese) will not rate highly in communication. Even ye cash offer is structured poorly, except in July - get paid end of sept with the chinese having the right to reneg even after I have pledged my shares.

At this level and given the fact I am unlikely to hold after sept - I decided to sell and give up the 8 percent.