Ann: Meeting with ASX, page-17

Sorry mate I meant to attach the Empire report in my last post. I guess whether or not they'll find the technical competency is the gamble a shareholder has to make. Again, I think that they have too much money on the line, and such a material capacity to mine successfully for them to fail this time. I absolutely get what you're are saying though, and perhaps I'd feel the same if I had been around longer.

Like most aspects of the company, the Antwerp sales office either indicates 1) ambition, 2) corruption or 3) incompetency. There is nothing inherently wrong about having a direct way to sell, particularly if you have a lot of product and believe you'll make money. Maybe this indicates that they believe they'll have their 135000cts/annum. I guess this degree of innovation would be highly irregular for this company, but it's possible they just think it'll ultimately make the company, and more importantly the Gutnick gang more money. Or they just want to siphon money from the shareholders. This I sort of doubt, despite their record, because it would be illegal in such an unbelievable way. But yes, I understand the past lack of transparency with diamond sales, so I guess nothing is impossible. I know Mountain Province produces significantly more than MED's goal, but as they are a main partner of De Beers, I can imagine it'd be easier to sell through a broker than also having to manage the sale side themselves. I also understand smaller producers also use brokers, but at the same time the logic of selling directly isn't necessarily flawed fundamentally. I agree that this is an extreme point of contention for which management refuses to acknowledge.