Ann: Response to ASX Query Letter, page-22

Give it a break dug, that was the MD's FIRST DAY, what the hell do you expect him to say but to push the existing management's agenda. He very soon woke up that HE was the new management and had to have his own agenda. He has deduced that Kachi has near infinte prospects of further development, which, incidentally, the old management DIDN'T know, and he has determined, with all of those new facts, as a result of the money spent that he had raised, was ENOUGH to achieve the 100,000 tonnes P.A. goal. PERIOD!!!
So, the rest of them are no longer necessary and are therefore NASCENT, for the future, and no longer REQUIRED in Lake's future new agenda. QED dug, give up on the past and let's talk about the bleeding PRESENT. Lake 1 is DEAD AND BURIED, together with thousands of shareholders' money. Quit while you are ahead, spending time on PAST HISTORY is beneath a logical debater. You are looking extremely desperate. Let's see what all the numbers are by the end of this week, to see how many friends your are supporting.The king is dead long live the king!!!!!