Ann: Letter from the Managing Director, page-20

I can’t really blame you 13th... you have been a firm long time supporter. Wish I could do the same but far far too much in the red to cut my losses. I have no option but to wait, average down and hope I can get out and if not break even, at least not so much down. I think we will see some action , in fact I am sure but with the amount of shares out there it will be a waiting game before it gets a good push up. Have been on the sidelines watching a gold stock which has moved a lot in one month and kicking myself I was not in there instead so I hear you loud and clear!!! Buy anyhow at the moment.. a waiting game and a huge hone on my patience skills... Good luck and see you back hopefully some time!!