Ann: Trading Halt, page-5

Without a doubt, we've all been wondering what the downward has been. There's our answer.
It's a hell of an interesting scenario. No waterproof boats on the ASX Ocean.

The announcements for the last 12 months have included the phrase ... "...fully funded for all works...". And with $15 mill in bank that's true.

Yesterday's report to shareholders included a fairly specific timeline that included dates for commencment of development, and first gold. (I was going to post on that, but considered it more proforma of teh stage of planning we were at, so thought it too rampy to highlight it).

The other point that has been referred to more specifically than prior anns, and in last two consecutive anns is the further exploration sites (2 identified) with 30 km of Sanbrado. That's very specific when we have such a range of tenements across the country.

I would suggest that this CR will be directly related to commencement of development for a mine that we'll be digging folks. They've gone fairly specific with their planning in stating concurrent Open Pit and Underground development also, with start dates.

And part for further exploration of adjacent sites... that's my PREDICTION based on what I've read. We're gonna mine (yippee!) so deep drilling will slow down at Sanbrado (as it's cheaper/easier to drill for reserve grade results results form the UG mining levels. And we're opening a new exploration tenement.

Whether the CR puts further SHORT TERM downward pressure on SP cant be guessed at for now, until we see teh terms and reasons. But this all positive news in macro terms. There'l be some big movements, I'm suggesting rerates coming in our sort term future, regardless of the immediate effects of CR.

I hope it follows the pattern of another of my holdings, BKY, and upgrades it's Canadian listing from the TSX-V to the Toronto main stock exchange.

I personally like this whole result, if my speculation above is correct, of developing a mine while expanding exploration, and upgrading our trading exposure.