Ann: Resignation of Managing Director , page-4

G'day FG.

Spot on.

I think that they will lay low for awhile until things improve.

I sold out about a month ago when I got a bad feeling so I no longer hold after being in there for many years and lost a poultice.

I think that Laurence Freedman will protect his considerable interest in the company. Do not underestimate this man.

The ground that KGM controls is huge, in one of the great gold areas of the world, so why would he just let it go?

What does worry me is this business of IRM suddenly taking a sub- holding in KGM. Looks predatory to me.

Lockitt