Ann: Half Yearly Report and Accounts , page-4

Hi Oakeyflat and all,

Possibly you are correct and the management are somewhat reluctant to push for approval; however, I guess someone felt that $8 M at the current cash burn rate would get them over the line. Alternatively if that’s just guess work it’s not particularly reassuring.

I am aware we had a problem in the past but thought that the company had a glowing report in regard to compliance with government requirements and hoped that this may be reflected benevolently towards foreign investors. I dare say someone in Indonesia is footing the bill for those wonderfully encouraging adverts for dynamic Indonesia I see on Bloomberg TV. Right words not matched with encouraging actions to my mind!

Personally I remain optimistic for the Gold price in general and quality low cost miner’s whist 53 g/t is stuck in the ground at AUD $1,500.00 is something of a minor inconvenience I doubt I will feel much better if it remains there at AUD $2,000.00 later this year!

Maybe the old saying make hay when the sun shines doesn’t translate so well in Bahasa whereas sovereign risk is very clear in any language.

Good luck to you in your timing to buy back in. May I suggest you keep an eye on news on Indian government (Gold Import) policy changes on Gold soon and the US dollar slipping under the 80 mark on the index?

This is also looking close to the 3% line in the sand and may frighten the tapering gang.

http://www.marketwatch.com/investing/bond/10_year

I for one will hold on and give the new guy at the helm the benefit of the doubt I guess April is only round the corner.

Cheers and very best regards: Andy