Ann: Press Release - ASX Delisting, page-6

If you read my previous posts here you will note that I hold this management in pretty low regard. Thye have made major mistakes. I have been a shareholder on and off over many years.

It is a pretty high cost producer once your factor in the Franco Nevada royalty payments. They are likely to need to raise capital if they give the Banfora project the go ahead and run down their existing bank balance, unless the gold price were to rise substantially.

TGZ is a high leverage play on the gold price, which could head down rather than up, which we all hope. Believe it or not, the share price has been much lower.

I just do not want to keep thinking about this company - there will be other opportunities coming along, most likely in December. I sold to cover brokerage and just do not care.

loki