Ann: DFS Update, page-10

There is no doubt that investing can be frustrating at times but with GPR I think the course our management have plotted is obvious.

Two years ago they were getting closer with Cambodia but with the need for a lot more drilling exploration, they took the Woodlark option. I believe they did this for both retail investors and major share holders. Woodlark is virtually a guaranteed project with nearer term production than Cambodia - or Fiji for that matter. All Woodlark needed was good management, which I believe we have. Management have taken the Woodlark option to get the company up and running and with cash-flow, they can then pursue Cambodia a lot more seriously - without further dilution to shareholders. A fantastic idea in my view.

I couldn't care less about the share price right at the moment because if/when Woodlark gets up and running, IT WILL ATTRACT INVESTORS. I believe that if you're not prepared to give this at least another 3-6 months, cut your losses/take your profits and save yourself a heap of frustration.

As for me, I'm very happy with how GPR are tracking.

Cheers

Rhama