letter from the chairman

I am sure that by now, everyone would have received the Chairman's letter outlining what has been happening at HQ.

To me it is a little refreshing that it is clear that they haven't been just sitting there at HQ sipping coffee and/or having a game of poker at the same time.

I have also noticed a small reassurance there from Greg, that they will try to keep us more informed than what they have been doing in the past. TU for that. Lets only hope that they will mean what they've said.

As I said all along, I am willing to give them a little longer to prove to us what they are able to do. Besides the drop in the sp isn't just been reflected upon us, but to the whole of the Industry. The Greens idea of stopping anything and everything does not help much either, but, at some stage or another, I am sure that common sense will eventually prevail. If not, and if we are to listen to them, we'd better start hunting bears and wear their skins as clothing, and start looking for a good cave to live in.

I do know though, that I don't like to say this because it seems a little like ramping and I am totally against that practice, but, at the current sp and taking in consideration the real values of our assets plus the cash in the Bank etc, I think that it is a good opportunity to load up a little.

Good luck all,

Buddy134