Demerger process, page-56

While I hope you are right, regarding the calm before the storm, try not to anticipate action too soon. This might still take years to approach what we consider fair value. Our cards are on the table, and while I think our SP is being held down, there is little excitement from the market at large. Seemingly no one in Australia has much appetite for Mali. Rand did well because of their discovery. Maybe if we hit such lode recognition will come, otherwise I only see us going up on earnings, they are in the pipeline, and will materialise slowly, and over time. The big players are in no great rush (unless pushed), they can patient for quite awhile yet.

Don't mean to be a wet blanket, but don't want people being let down in the medium term.

Hope for the best, expect the worst, and take what you can.

GLTA the longs

Hope I'm so wrong with regard to timelines and SP action.