Ann: Full Year Statutory Accounts, page-4

As I told you before, Hedley you and all your clever mates would have sold the assets ten times over every step of the way whenever there were easy profits to be made. The opportunity wouldn't even exist under any other stewardship other than that of Mr Billis. You frankly have no grasp of this concept and never will as you won't allow it into your brain. This together with the ungratefulness of many TBR shareholders in general is very very disappointing to me on human level. The only mistake Mr Billis has made is to leave cracks that undermine the company's foundations, which have allowed opportunists to come and to try and prise them open. We are yet to see if the attempt is going to be successful. The distribution of the dividends would indicate to me that the full blown destruction of the company and potentially all the value in Africa, which is not insubstantial IMO, might be lost with the passing of control. I can not fathom another reason for the rapid switch in policy around these special dividends. Hopefully it was just a pre-emptive and precautionary move and Mr Billis can hang onto power and keep delivering the good results that he has delivered over so many years of service to shareholders.

What's more your petty questioning of the results is embarrassing, if you have real concerns about this you are of more service jumping onto the NST threads to start a crusade to warn investors there. TBR's overheads for the EKJV would be much lower than those of NST, who incidentally are now so lacking in transparency that you would struggle to get any individual operational metrics out of their Kalgoorlie mines. Also with a PE ratio like NST's, they better not have misjudged Pogo and paid too much or investors will be in retirement homes or long dead before they ever see their market value matched by actual profits. You see most of the market thinks price is value, which an absolute fallacy that is created by the real criminals that drive prices up to their highs. It's all good news and great while price stays high but the small investors end up screaming like stuffed pigs when the tide goes out on the market, whilst the criminal banksters that front run the prices up and get out at the top, relax again again with their manipulated and ill gotten gains. Thank God for the few steadfast companies that don't pump their offerings I say.

You really are on the wrong track with this crusade against Mr Billis, you seem to have missed the sign to Jerusalem. I think it said turn right at Constantinople. Esh