30 days, page-14

Hi Floogie,

As an option holder i found the tone a little disappointing. Mr Dew comes across as a very affable man, he was sympathetic to option holders (including himself, i believe he holds 1m) and indicated plenty of faith in AQD's projects.

The key question is did i walk away confident of being in the money by end November? The honest truth is Not really. Am i going to flog my aqdoa for .001 - No. Drilling is happening, results are coming, 3rd party agreement is not dead and the fat lady hasn't sung (although i can hear her warming up).

If i do my nuts on the oppies I'm confident I'll make it back on the headstock (i have a couple of hundred thou') before year end.

The other smoking gun in all this is Mr Greg Hancock our new chairman, he is one switched on dude. Very different character to Mr Innes who is a steel/iron ore guru. Looking forward to seeing Hancock's impact.

T-23 and counting.

DBM