When Is Shareholding Meeting, page-8

I wouldn’t worry about Ghana or where the money went there. It’s been spent in the ground and you’ve only got to look at the exploration reports on the Japa project to see that significant value exists in this project. The real complaint is that if the spend had have been made quicker and utilising professionals and real exploration mangers with accountable and significant exploration budgets, the value would be far more visible and the project would already be in a feasibilty stage.

The danger of losing the current board, which I don’t think will happen now, is that the value of the Ghana projects could be lost completely, but the danger of keeping the current board is that a good project could be just left to sink into the dream world of one man until it is essentially lost to shareholders by inaction, as it seems have done already.

TBR should have put this project in the hands of professional contract drillers years ago, under the supervision of professional and well funded and well resourced exploration people. Not the give the dog a bone that has been adopted over the last 12 years. Esh