Ann: Quarterly Activities Report and Appendix 5B, page-3

Hi All

Just read the quarterly.

Sorry guys - a Leopard never changes its spots. The Lubuk mine up-date is nothing short of a disgrace. A few months ago we had the great fan fare of first gold production. Nothing since, and now we are told nothing has happened.

Tried to be up-beat about our prospects, but I am afraid we are back to where we were.
As I used to tell every body "delayed reports are always bad reports' and nothing has changed.


Good luck with the placement announcement. Was this not due today?
Late announcements...................

Pear