sent off my proxy votes

My proxy votes have been sent as follows:

1) Against - the remuneration is too high, given the lack of meaningful progress with the company.

2) Against – we need a change of Directors – lets get some new mining experience on the board.

3) For – I believe that Brian Rear is the only Director with mining the experience required to get this company to the next stage.

4) Against – No more dilution until raised capital is allocated towards short term cash flow. Our leases are going to end up like Swiss Cheese but we need cash/JV/production now.

5) Against – No more options to prop up the next CR and shaft the existing shareholders.

6) Against – If White Range has a in ground resource value of 28c (as per Lockes report) and all our other leases add to this base figure, then issue Options at 30c and get the share price north of this. Nobody would resent Tulla making money above 30c as most of us would also be in the money.

Make your vote count, if your are not happy with the share price, lack of updates, missed milestones, endless dilution and Director’s remuneration make the time to complete a protest vote.

After over 10 years of investing this is the first time that I have both felt strongly enough about the resolutions as well as believing that there would be sufficient numbers of other shareholders to make a change.

We need to make the effort to complete a protest vote to say "enough we want changes to the way this company is run in order to regain our support"

If you are not happy with the current situation take this oppertunity to make a change.

Personally I will stick with QMN for as long as it takes if the AGM and resolutions lead to the beginning of a change in the way the company is run. If the resolutions pass then I don't beleive that this company will ever amount to anthing approaching its potential and I will be out of QMN within 3-6 months.


Newbie Thomas