Ann: Milo Prospect - Metallurgical Testing Update, page-4

re: Ann: Milo Prospect - Metallurgical Testin... Agreed Zoidberg,

We all get disappointed when the SP falls and confidence disappears, but my preference is to be positive.

One of the problems that GBM faces is that as they run on a small budget, there is a large percentage of management time taken up with reporting. For example the AGM cant be too far away.

Particularly with the legal pressures of being a director reporting is onerous. Therefore when circumstances change the drilling plan for example, we might not get to hear all of the reasons. It may have been difficult to get hold of drill rigs for example.

Although we do need to hear the major positive AND negative news when it happens, I would rather them get on with the job than waste resources holding my hand with the small stuff.

Cheers all,



John S.