noiprocs mmerd others, page-69

Well it is very disappointing for shareholders to see what occurred over the last four years. However the warning bells were there and loud. Continuous delays, share buybacks and lot's of drilling results that were not tied in to a resource estimate.

Finally after 4 years the 2nd estimate has been received and it has disappointed.

I stated all along that all they had were holes like swiss cheese. Now the holes have tied in they have an estimate but sadly not as big as many hoped for.

And that is the crux of it, you need to work on facts, and the facts were not there. Again I read a lot of hope, but the same hope could be seen when passengers were told to board the lifeboats on the Titanic.

Do yourself a favour and look at the facts, and the facts are a resource that is at present state marginal.

The other thing shareholders should do is ask the right questions at AGMs.