Fellow share holders. Michael Kiernans recent foray into mineral...

Fellow share holders. Michael Kiernans recent foray into mineral sands hopefuls Olympic and Matilda are certainly a departure from the diversified carbon steel metals company we were expecting. Having followed the fortunes of Bemax resources, who are a current producer, the mineral sands business seems a tough market to crack! I'm aware that the zircon produced by this industry is used to make the glazes on vitreous enamels and bathroom tiles. The prospect of a billion Chinese clackers straining over a glazed toilet suite coated with our zircon gives me "hot flushes" just thinking about it! Lets face it the rush to bring China into the 21st. century includes up to "date" shitters by the million so our mate Michael may have his finger on the "button". Following yesterdays share placement the company is somewhat "flushed" with funds so lets hope this will achieve our goal of the 2.5 billion dollar diversified carbon steel company were hoping for.