What is the true value of Rex?, page-19

Hi Gypsie,

You are certainly not a glass half full person when it comes to Rex management!

By my standards I am heavily committed to Rex but it was a case of weighing up my (inexpert) opinion of great potential against the reservations of management expressed by a senior SA executive involved in the mining industry who confirmed the Hillside potential but was concerned about the ability to deliver on it.

Also adopting the glass half full attitude with regard to Hillside I am now looking forward to some further announcements from Rex management that confirm your faith and indicate that the extended PEPR waiting period has been put to good use and the Rex team are on the track to deliver on the financial and technical challenge that is now open to them.

I also say GLTAH but expect more than "luck" from the management team who I now assume will be champing at the bit to progress Hillside.