Ann: Prospectus Non-Renounceable Issue, page-5

Hi oliver

Personally, I'm leaning toward the longer time frame for the uranium recovery. The amount of supply at the moment is more than capable of meeting demand, especially with Japan still out of the equation. Their re-start, hopefully this year, will go a long way to restoring some much needed confidence, and the Chinese build program is also a plus but IMO it will take some time before these begin to impinge on demand. That said, I think Aura has some great low COP assets and they are one of my picks to do very well in any resurgence in the general uranium industry.

Had I responded yesterday when the share price hit 2.6c, I would have probably said the rights issue looked like a silly choice, yet here we are a day later with the FPO price sitting on 3.4c and all of a sudden its looking fairly attractive. Crazy place, disallowed

All the best