recovery club, page-5

I had a call from RED5 yesterday; I won't mention who but very, very high up.


1. I mentioned I will never be able to get my investment back under the 10c SPP. He mentioned that is right you will probably lose 80% at best.

2. I mentioned dams are designed not to fail; he agreed.

3. I mentioned I can see what was happening; ramping up 1500tpd (Jan), 2000tpd (Feb), 3000tpd (Mar); I said this was good.

4. I mentioned this dam failure has cost me everything; see point 2

5. We had a conversation about ex-MD; I said why don't you pick up the phone; he said I've tried.

6. We had a 15 minute conversation; I tried to be convinced about 10c SPP; I just couldn't

7. I have also dire circumstances personally; I was a consulting engineer in 2012 and have been smashed by a workplace injury; toxic exposure; for me the game is over; plus on the back of RED 5 demise a double whammy. Even in a fit state I could not present funds to this project.

I am sure I am not the only one feeling this sought of pain; RED 5 needs to understand the pain they have caused to shareholders. I don't think the really grasp the reality of what they have done.

HoM