SeaemayI'm like you on this one totally gobbsmacked!!!!I...

Seaemay

I'm like you on this one totally gobbsmacked!!!!

I attended the Sydney presentation as part of last years capital raising and was comfortable with presentations from both Mike and Kim and their answers to questions from those attending.

As part of improving the stats on Fossey they advised that they had drilled it down to 12.5m spacings from 25m spacings with a consequent reduction in tonnage to be mined.

On top of that the announced results from Comapign 6 were marginally positive from the company's revised budgets and we have appointed Barry Sullivan (ex MIM) as an additional Non-exec director. I'm sure given the BSM history and his experience he would have done a level of due diligence before signing on.

Given this suspension "could take some weeks" its obviously far more than re-running the budget spreadsheets.

Management credibility will probably be shot by this latest suspension with a rush for the exit upon re-listing.

Hopefully JID may have something positive to add on todays announcement.

Gemboy