quaterly report out , page-3

YoungGun,

I'm not too concerned with the short-term funding and am happy with the board decision. To me the announcement only gives me additional comfort in holding this stock long-term.

Q4 was always going to be a drain on the cash position, especially with the 6 week gold production delay at Engenho.

When development activity is normalised, there wont be a drain on cash. Take comfort they are producing mine development records in Brazil with a perfect safety record & they have acquired a second-Jumbo boom. These guys are ramping up production big time.

The new ore body identified at Engenho post the June quarter is great news. The other projects seem to progressing very well as well.

I await the Q1 FY09 report with some excitment. Hopefully by then global markets have stabilised a little, spot gold continues to rise, we get a specific upgrade on the Engenho ore body and the other projects are progressing.

Stick with them guys !