good deal or bad deal, page-8

Just my two cents worth!

Providing the management can move quickly and get this shovel ready project up and producing over the next few months then I feel we could all be on a winner.

I would also like an explanation for the recent high cash burn did they buy more shares (UML as cleared previously) in anticipation of the deal?

One thing for sure with Uncle Ben announcing printing money out of fresh air to infinity and Europe, Japan, UK and China taking a similar course then it can’t be a bad thing to have a foot on more gold production.

If they can bring these new ounces online using their current expertise around the $880.00 cost level then I feel sure the management will be exonerated in their decision.

For now I am prepared to give them the benefit of doubt and admit I am picking up the shares you guys are offering. I am using capital freed up from a previous Indonesian (IAU) play trying to avoid the sovereign risk factor. Mind you having done that I realise I still need to fight the idiots in Canberra!

I am currently in Las Vegas having attended the mining show here and I can tell you guys and anyone else interested that if Australia wishes to tell the mining world come here and we will kill you with taxes there are plenty of other countries willing to welcome you with open arms.

Good luck to you guys with whatever you deploy you’re hard earned over taxed capital into.

Cheers and very best regards: Andy