Ann: Proposed Cash Placing, page-9

Hi daning, I suspect they would tell me the same as what you've probably been told. That people are under-estimating how successful this raising will be. It may well be, but that doesn't make swollowing so much probable dilution any easier for us long term holders... And the predicted future dilution. I also have about three years experience of CAS reassuring me about how bright the future is. If I was to believe what was said to me three years ago, Juruena would have been in production by now. There comes a point in which you take what is said by someone with a grain of salt. In my case, I take it by the bucket when it comes to CAS. As mentioned in my last post, I hope I'm wrong.