let's face the facts, page-8

Legin,

How do we know anything this Management says is right?
They got the De Wikketerans Complex Project (i.e. Project X, Vaalbank, Knapdaar and De Wittekrans) estimate totally wrong by 173 mT or a whopping 41% blaming the Geological Consultants?. Is there any accountability from any Directors? In 2010 Report this was stated at 424 mT. In this years Report its now at 251 mT. They've written off $31.7M in the last 2 years. How do we know there is no further writeoffs in FY13 onwards on the same projects?

I know some people invested thinking that resource estimates & timeframes the company discloses in Presentations and Announcements is RELIABLE & TRUE , give or take an error factor of 5%. But 41%? Ridiculous.

Add in there the $10M VANMAG not completed since stating this would be completed in Oct 2009.

Admin & Other Expenses..Royalty Expenses that was not disclosed and should have been accrued...you can write a book about it...? MAIDEN PROFIT, POSITIVE CASH FLOW MINES, RECORD PRODUCTION are just buzz words....