Ann: Mulligan Maiden Drill Results, page-32

Yeh dummy spitting alright. I am in the red big time but to blame management for poor drill results is just immature. Had they hit high grade big results you would be saying how great management is I bet lol Go and put your money in the bank if you cant handle the volatility of the spec end and save us all from your whinging. There is no sugar coating that this was a bad result but AT did say that rock chip samples cant be relied on as the geos are very selective when they choose them. The drill is what shows is really there and he made this clear in his announcements and unfortunately the drill didn't hit much at Mulligan. That's part of investing in mining stocks and why they have a higher risk reward.

So now rather than blaming anyone but yourself, and yes you make the decision to invest not anyone else, either sell if you still dont think the company will get good results at the other sites or hold on and wait and see what the geophysics and next drill results bring. Personally Iron Mask has always been the best tenement MEI hold IMO and I will wait to see it drilled. If thats not good either then I will re-assess my decision.

I have emailed AT today and this is what he said

Me:
Ouch that wasn’t the results I was expecting from Mulligan.
Hope Iron Mask is a lot better…please

AT:
yes very disappointing
unfortunately that is exploration and you simply have to move on
Me:
Do you think Iron Mask is looking good though?
That was always the one I thought would be the best

AT:
I don’t have the geophysics yet but provided that gets some strong anomalies it will be our next target.
BMR have been drilling to the north