Ann: Notice of General Meeting/Proxy Form, page-33

thanks for the update. with the way things are shaping up in Argentina re: foreign ownership of resources etc, I am far happier to see us getting our house in order over there..... local office, local staff, local interest.... no sense rushing things and getting holes drilled, results confirmed, valuation increased, share price raised, Aussie shareholders rubbing their hands until Argentinian integrity is assured. The delays and frustrations of achieving seemingly fruitless milestones such as this cannot be communicated in announcements. Hats off to management for concentrating on the important stuff first. besides, they have no choice but to do it this way. for those shareholders complaining about lack of return and communication.... read between the lines and either hold or buy at these low prices, or, stop complaining, sell and look elsewhere.