Ann: Update - Notification of buy-back - NST, page-15

We have plenty of time to keep buying. Management are probably watching the market and seeing if there are more global issues to come and pressures on the US dollar gold price. If we head back to low to mid $7, no doubt they will keep buying up. It’s a good insurance policy to form a base.

Potentially a lot more crazyness in the markets to come at least to the end of 2022, with Ukraine escalating, US mid terms, China gearing up for Taiwan m, EU energy crisis escalating as we head into the colder months, plus further interest rate rises to come with inflation increases ongoing.

Management probably have all these factors in mind for the potential to further drive gold down in the short term and are ready to pull the trigger when needed...