Quarterly Announcement, page-2

Value the mine, diminish GBG’s holding in KML even further….. If the directors are going to evaluate first before releasing an update, what’s their other options here then, or what else?

- Establish a loan against the valuation? (With no income and you can’t liquidate part of a mine.)

- Capital raising? (Might not be a favourable to raise any kind of money.)

- Additional / replacement partner in KML?

- Takeover? (Although I can think of many reasons, I agree, not likely because if the directors were weighing up a takeover it would be the reason for the trading halt subject to valuation.)