The Directors may not be buying due to the situation being that...

The Directors may not be buying due to the situation being that they are "in possession of price sennsitive information" OR they are currently in a black-out period (I believe that may be 4-6 weeks prior to Annual and Six Monthly Reports ... i.e. Now).

So the Directors may be chomping at the bit to buy shares now - but they simply cannot.

Let's see if they buy up large in January or February shall we....

Below is the company policy re director share buying based on Australian Law as adopted by the company announcement dated 12 January 2011.



The Company has a policy that imposes certain restrictions on directors and management trading in the
Company’s securities.

The policy has been adopted to prevent trading in contravention of the insider trading provision of the
Corporations Act 2001 (Cth), in particular when Company personnel are in possession of price-sensitive
information.

The general aim of this policy regarding dealings by directors and management in Golden Gate’s securities is
that those persons should:

Never engage in short term trading of Golden Gate’s securities;

Never deal in Golden Gate’s securities while in possession of price sensitive information;

Seek approval from the Managing Director of any intended transactions involving Golden Gate’s
securities (the Managing Director to seek approval from the Chairman); and

Subject to the above conditions, not trade Golden Gate’s securities during nominated black-out
periods.

The law imposes a number of significant restrictions on directors and other employees of companies when
they deal in their company’s securities. As fiduciaries, these corporate managers must not utilise their position
for their own gain or for the gain of any person other than their Company.

The Corporations Act 2001 (Cth) imposes severe penalties (both criminal and civil) on persons who conduct
insider-trading activities. Perhaps more importantly, any perceptions of improper conduct by members of
Golden Gate has the potential to substantially damage Golden Gate’s reputation.
This is an important document. It is the personal responsibility of each individual to comply with this policy. If you do not understand any aspect of this policy, it is strongly recommended that you contact the Company
Secretary.

2. Overview of the insider trading provision of the Corporations Act
It is illegal for anybody to deal in any securities of a body corporate (including Golden Gate), when in
possession of information that the person knows, or ought reasonably to know:
a) is not generally available (including information that has not been disclosed to the market in
accordance with Golden Gate’s Continuous Disclosure policy); and
b) might have a material effect on the price of value of those securities if it was generally available
(“Inside Information”).
This prohibition extends to procuring another person to deal, and, in the case of securities of listed
corporations, extends to communicating the inside information to another person, if the person knows, or
ought reasonably to know, that the other person would, or would be likely to, deal in the securities in question
or procure another person to do so.
“Dealing” includes applying for, acquiring or disposing of or entering into an agreement to apply for, acquire or
sell, securities, and “deal” has a corresponding meaning.
“Securities” includes shares, derivatives and other financial products that can be traded on a financial market
including financial products issued or created over Golden Gate’s securities by third parties and products
which operate to limit economic risk in securities holdings in Golden Gate.