Ann: Up to US$4m Funding Secured , page-12

DEREK, if you or anyone involved in the company read these posts, you NEED to update shareholders on Peelwood.

The second quarter has come and gone and there has been nothing said about Peelwood.

Bad news or not, you have lost shareholder confidence (I'm the perfect example here) and that will have it's consequences when and if, either Peelwood or Montenegro have some positive news.

I know for a fact the broker who so eagerly recommended this to me is now calling it a dead horse.

Transparency is always the best long term strategy and it can't always be good news. It's part of your job to report the bad news too and you can;t put it off for ever.

Here's to hoping he reads this. Despite being out, I am am following it.