Ann: Trading Halt, page-26

Hi all, IMO! Chesser provided information.......in relation to a potential transaction for the sale of the Kestanelik project........ no "ifs" or "buts" there, it's all to go or none of it goes .Of course the "deal" may fall over for one reason or another. Since Kestanelik is really all CHZ possesses the remnant company would have no worthwhile assets! CHZ has a viable low cost gold resource but currently even 1 million ozs look to be it's very upper limit. CHZ have explored the outcropping fraction of the prospect but haven't made much of an impression on the prospective area under the covered rocks. Future exploration is dependent on indirect geophysical methods ,unfortunately there isn't a direct one-to-one relationship between gold and geophysical anomalism. Epithermal gold deposits are also notoriously irregular in shape, witness the drill hole patterns to date. The individual veins aren't that large either. IMO CHZ may want to opt out before exploration becomes too difficult, and too costly for them. Why would a major player take over unless they managed to broker a good deal? All will be revealed but the return to the longer term holders may prove a trifle disappointing, assuming,of course that, there is a deal! Frankly IMO Turkey looks fairly stable. BOLTA!