my rant, page-8

xnathx

I need to make a correction to my post 8810821 of 23 Nov in which I made the statement that a consultant's report was due about now. I have just spoken to the company and they now advise that there will not be a report as the Presentation at the General Meeting of Shareholders 15 Nov 12, encapulated the outcomes of the review.

I now assume that the following extract from the Presentation:

"Strategic review of projects and management completed:

Projects confirmed to have significant potential
Concerted programs of exploration planned for remainder of 2012 and 2013
Strategic infrastructure base in Madagascar considered critical to success
Appointment of Exploration Management Consultants, OMNI GeoX to manage projects"

is all we are going to get.

While I apprecaite that the new 'staff' will need time to undertake and report on their exploration work program, I am not happy with the very broad activities and time lines. Lets hope that the Continuous Disclosure Rules will better look after our interests.

R1