pgamble , page-3

Please have a look at the numbers for Sept qtr

The production costs ( excl exp and admin) are horrendous

Maybe this explains the departure of prev MD

I have asked Mark Tory for an explanation but nothing yet

The Sept numbers suggest that they can't produce at a profit
( I hope I am wrong)

and the Dec and March 11 qtrs are a total disaster due to rain ( without the latest capital raising this company would , imo, be in receivership)

The major institutions all left at high speed, at any price, just to get out the door

I agree the appointmtnt of COO may help---the person currently in charge of production needs a bomb up his backside

Until I can be assured that they can actually dig this stuff, transport it to Barrick, pay Barrick and then sell it at a profit--I will stay clear

I feel sorry for the small punters who supported the cap raise---I would be very pissed and looking for heads