kpmg, page-8

Mark,

I haven't see you on the forum for a while. I thought you may have sold and moved on. It is good to have you back.

I remember hearing AM in an interview in the middle of the GFC, and I got the impression from one of his statements that they were negotiating rolling the loan over, but they baulked at the new interest rate just days before Lehman collapsed. The rest is history. They tried to save a penny and lost a substantial part of the company.

I look on the bright side - it could have been much worse. I could have had shares in ABC Learning, or Allco finance or CopperCo. I am aware of the magnitude of much money you have lost and cannot begin to comprehend how you feel. I have lost much less and feel bad about it sometimes, esp when I look at my portfolio in comsec and see OZL as Red and all the others as green.

I would be interested in your thoughts on some of my posts. As you know, I value your input. Things could go OZL's way, you know. What is your opinion of the companies progress in rebuilding the development pipeline by exploration around P Hill, the JV with IXR and the AZS agreement, as well as the Cambodia Gold resource? There are certainly a few things going on and only one of them needs to kick a goal and it could be the start of the old OXR again. Am I dreaming?

HT1