Ann: Kurundi Regional Geology and Targets, page-25

well, my major issue with the mgmt is the progress is so slow it is killing the momentum. once the momentum turns negative even good results fail to move the market.

we all saw it when they suddenly canned the HPA project. it took the wind out of the sail. the positive Kurrundi results and sale of Speewah did little to move the SP.

people have waited for almost 2 years and there is still no constant flow of results.

The last time I spoke to mgmt I was told they would buy anything below 1c. now it seems the bar has moved down to 0.8c. i won't be surprised if they will move it down to 0.5c if we get nothing out of all the drilling done so far.

what seems like a great idea now (buy everything under 1c) won't seem so great once the buyback starts at 0.5c