Ann: Response to ASX Price Query, page-98

I doubt they would drill straight away so IMO no way Mukuyu 2,3,4 would happen.
They will need to analyse the drilling records and run all the numbers again, there is bound to be some things geologically they don't have right......probably do 3D seismic if its at all complicated underground.
The rig heads back to Harare so there will still be mobilisation costs although probably smaller, assuming they don't have work booked elsewhere by the time we finish then the costs would be the same probably.
Exalo have been pretty disorganised, luckily for us, IMO.
It started with the delay in mobilisation then a drilling motor [ I believe ] was almost sent without programming, IF the motor was on its way out why didn't they organize it when the were packing up at Songo?
Now we find they are having problems and they haven't even hit a horizon yet.....