word has it, page-43

Bravo2,

I remain cautiously enthusiastic about A1.

Right now the company is like a promising young batsman stepping up to the crease; loads of potential but no runs on the board. I expect some risk premium to remain in the shareprice until those runs are there. We need hard production data and enough of it so that investors can make their own calculations re production costs.

The newly restructured board has my complete confidence. JW skilfully led the company through the exploration phase, providing it with a suite of well resourced tenements. Now the company is in production, the board has restructured itself to gain another skill set. This is what an evolving company needs to do. The process can be brutal but effective management is about competence. The current board has the competence to manage a productive and expanding gold mine.

It has my complete confidence.