Ann: Quarterly Report to 31 December 2014, page-20

How did the Agm go? From the resolutions passed there's a real resistance to a cap raising. Why, there's not enough money for the maq bank payment of $5m coming up.

Now I understand how easy it is to be over optimistic with the forecasts given. Last quarter it looked like things where looking to be on track. Early in the quarter we had numbers confirming this, and then we herd nothing for a couple months. What this shows is if there is no news or chest beating by the company it means forecasts are going to be met. I honestly thought the easy forecast would be met.. Now I know how it feels to be Paul. Very easy to lose faith. Think we can say next quarter I am working on 850 ounces max. Any talk of it being over that is silly. You have to be concertative with pgi, and add in 10% less for problems and over estimation. What a terrible stock to own when you have to do that