600 million , page-16

All,

My firstpost for a long time on this forum.

Adam, I not surprsed by the share action although like you and many other shareholders a little disappointed that there wasn't a lot of positive buying around yesterday's announcement.

Lots of red around the ASX these past few days, personally I feel that the rise in the share price these past few weels factored in a sizeable increase into the reserves for the Phillipines project and that over the next few days we will see more consolidation around this range etc.

The obvious elephant for GGX is cash on hand and how to fund the proving up of this potentially enormous resource withour going to market yet again to raise funds.

NB - I have sought clarification from Dennis with regards to what revenue (net after costs) he expects from the flow-tests to offset the current cash balance for this program.

The big announcement ie Farm-Out is what we are all waiting on and I'm sure whatever interested parties the team is talking with will be aware of our cash posistion - leverage!

Welcome your thoughts