Interesting,Again, this was from Sipa's Chairman Ian Pearce...

Interesting,

Again, this was from Sipa's Chairman Ian Pearce dated 30th Septemeber 2011 from the chairman's address on page 3 of the 72 page annual report of 13th October 2011


"Sipa has successfully pursued the strategy outlined last year
which was to commit shareholders funds to continue sole
funding exploration. As the year progressed exploration has
been concentrated on our 100% owned Thaduna Copper
Project and our Woodline Gold Project where we own
100% of most of the ground. Both these projects have
produced very encouraging results which Mike Doepel will
describe in detail in his report. Although we have had the
opportunity to joint venture these projects, the
management and board of Sipa believe, with the
prospectivity apparent at both projects, it to be in the
shareholders interest to continue to sole fund exploration".

We will have to wait until Friday, I guess