Ann: Response to Appendix 5B Query, page-5

OK ,
trying to remain positive, there is some positives in this announcement, I like what is written in the following 2 points.There could be a couple of hidden surprises. Oh well we wait. I am sure a couple of posters will have their say and they are entitled to it. Good luck to the holders.


2. The Company is currently taking steps to secure the Lomero gold-silver-copper-zinc project in Spain and, in addition, is evaluating a number of other projects for their potential and suitability. The company will work with its corporate adviser DJ Carmichael with regards to securing funding for the quarter, when and if required.

3. The Company expects that it will be able to continue its operations and meet its business objectives by way of cost reductions during the present evaluation phase and, in the future, capital raisings and partnerships to support the acquisition and investigation of quality mineral projects;