Ann: Placement to Fund Exploration & Maximise Cashflow, page-9

I couldn't help it, I did pick up a few more at 22 cents yesterday, oh well yes, I'm a devil for punishment, but I was pleased to see the directors buy a heap more in the capital raising, and they do have a lot of their own money invested here, more than most other small cap mining company directors.

I'm assuming their strategy is one of timing.

They are waiting until interest rates come down a little more, wait until wages stabilize, wait until contract rates stabilize, wait until the gold price goes up, get some cheaper drilling contracts, etc ... etc ... and all that stuff.

My bet is that there will come a year when all the ducks-are-lined-up and they press the go button, the only problem for us all is, we just don't know when that will be. Hang in there folks, if you are patient. I keep a small parcel here out of interest because I basically like what they are doing, even if it's at their own less than rapid pace, and even though at times they change the goal posts.

Oh well ....

Gw