Ann: Spectacular Drill Results Continue From Crake Gold Project, page-24

Thanks for the update Chaka,

Interesting that most of them have increased holdings the past 6 months - HSBC have gained 10M, BNP (Nom) have gained around 6M, Dephi have gained around 4.5M, CS Third have gained around 8M, Sparta AG have gained 2M. BNP (Cus), Bill Brooks, Goldfields Hotels, William Ravestyn have stayed fairly even. Essentially most top 10s have gained (bar Tyson) which shows good confidence in our SP.

MR (Tyson) is the main standout dropping 17M (and probably more) in the same period along with Kesli Chemicals dropping up to 8M - which is essentially why we have made no traction on the back of such positive announcements. However the majority of the big players have seen the value and have either accumulated or kept their parcels. Obviously a flow on from this Tyson & co sell down also creates frustration, fear and panic with many retail/every day investors losing hope and exiting with a lack of patience.

Very frustrating period for all holders, however many will be happy accumulating and enjoying additional cheap parcels while we are in this 'holding pattern'.

I hope the tide will turn soon. Very undervalued IMO