Ann: Mt Garnet - Positive Initial Drill Results a, page-7

re: Ann: Mt Garnet - Positive Initial Drill R... Afternoon guys,

Just thought I'd pass on that I had a very constructive chat with Ralph this arvo.

He's obviously pissed off with how the rights issue unfolded but was happy to still raise $1.7m.

I was a bit worried why John resigned from the board but the reason was so that he could spend more time on the ground in the exploration side of things.

He thinks the Feasibility study is still on schedule to be completed by years end which is great.

I've made a few bad investments in the last 6 months but after chatting with Ralph I'm happy to take a tax loss on those tomorrow and see if I can get some more at these silly prices.

Cheers