Ann: Retail Offer Booklet, page-3

big fan of tgs - as most would know, but a 500M share issue @ under 5c....garbage. not happy. everything in hindsight, but the 40% acquired should have been equity funded when we were @ 40c (250M shares issued - half this amount and left us with no extortionate debt that has choked us since).

We could have taken this low copper price enviro opportunity instead to not only pursue brownfield projects, expand etc, but acquire other cheap, good value producers in the drc or anywhere in africa.

We need good mngt, who actually work for their shareholders interests and have a reward structure in place to ensure they do so, instead of dinner deals with financiers (like car salespeople)!

apologies for the rant - just a tad pi$$ed off.