AJ,I am a little concerned about the concentration. On the one...

AJ,

I am a little concerned about the concentration. On the one hand it is a protection in trying times but on the other hand there are just a few people you would have to influence before you have compulsory acquisition.

There are some people in London that I think are discussing just such a scenario.

In any case I have learned a valuable lesson. If you have a large concentration of ownership the bit which is "free-float" trading stock (no matter how small a number it is) is still subject to supply and demand and will still cause the price to rise and fall.

However, it doesn't take long until supply dries up (due to the large concentration) and therefore your "floor" is created. The good times come when you get a hole like GD012 and lots of new people want shares which are simply not there. Then you have a sudden rise in price.

I look forward to seeing more results from around GD012 and some more info about Rossing South, I think we will get another surge if the results are good. Whether or not it is sustained after the post-coital bliss passes is another question altogether.

I still maintain that ultimately all EXT shares will go to RIO. "When my baby smiles at me I go to RIO" will be the song sung by EXT shareholders.