Re: The Annual Report, page-2

Everyone is entitled to there own opinion, that is for sure, you can look at Anglo as a vulture circling waiting to ponce and gobble us up, or see them as a guardian angel floating above us ready to step in and save the day if needed, and anywhere in-between. I think the face that management makes there money on the SP, as we all do, that we are unlikely to see a hostile takeover anytime soon, management will not allow it as they will not make the maximum on there payday, and neither will we, so if push comes to shove, I think there would be enough holders prepared to stand there ground and not sell.

Anyway, I think that is a ways of as yet, they need to prove up the value of the company first. The new management team walked into a train wreck, it is going to take more than a few months to put the train back on the rails. I would imagine trying to recruit the right people with the history of the company will take time, getting the right people with the relevant experience to support Richard must be a top priority at the moment. If they can come good on there plan to be cash-flow positive this month and produce 2000 oz next month, then a rerate will be on the cards. With the ground we have, it could even be sooner, this high grade zone they are into now could produce some spectacular grades IMO.