Ann: Kipoi Expansion and Funding Update, page-26

Undaunted...absolutely 100% spot on!!!!!

Poor management, this should have been articulated at the time of the Gecamines purchase. As the market has been hammering this based on a possible funding / execution risk.

Now that the horse has bolted, they now decide to acknowledge the weak market perception being attached to TGS.

Now that the boom times are over, execution quality by mining management is paramount, as any slip up will result in SP pressure.