Ann: Operations Update, page-186

Worst managed and poorly communicated updates to shareholders I have ever been associated with. The timing and price of the capital raising is unheard of. I believe the lack of updates and lack of clarity in updates and to leave shareholders with nothing but speculation of what is happening erodes confidence in management. Bru have a full time drilling manager employed, 1 major drilling campaign in years and limited updates makes you wonder what he does. It's hardly surprising major funds have not taken substantial positions. Will be interesting who left hanging around here in 12 months. I cant understand why Eric is always smiling so much.