mistake

Ladies and Gentlemen,

I just wanted to apologise to all the shareholders and management of GPN for my recent comments that suggested that GPN purchased the West Arnhem Land tenements for over $3 million whilst the tenement was only worth $650. That comment was absurd as this is not the case at all and I apologise.

IN ACTUAL FACT GPN PAID $3 MILLION FOR 20% OF A $650 TENEMENT! If you work it out they paid $3 million for something that was worth $130.

If you guys can not see what is going on I suggest you invest your money in Managed Funds. I am very surprised that the regulator has not shut this bad boy down yet, time will tell.

My comments and calculations are based on the announcements issued on 4th of April 2007 and 20th July 2007. read the thread ‘$650 worth’ for further details.

I am the Iceman!