Ann: KSN agrees key terms to become 100% owner of Misima Project, page-11

Its never fun and the Chairman gave his reasons at the AGM.

First he said he expected some short term drop post consolidation. It nearly always happens. He wasn't delighted about it either.

The most important thing he said was that nobody, especially so in Europe where they have put their case, wouid invest in a 1c company. The people he spoke to just love KSN prospects but couldn't put KSN up for review. But at double digits yes they could do it.

So there you are. It hurts very short term, some get to top up at crazy low prices, and we look forward to both tenement assays and Misima mining plan which should get things back on track.