Ann: Sipa Reaches Agreement to Divest Thaduna, page-24

Intersting that people are now quoting Mikes words as if they are gospel when not long back he was being berated for hype and accused of pocket mining. If those Sandfire shares can be sold quick smart and the proceeds applied to drilling in Uganda then good. It may just be enough to get us results good enough to save us from another heavily diluting cap raising.

Grubarura reported some time back that at a meeting he attended with the new M.D she was reported as saying she was not going to send the company broke drilling at Thaduna. Have not bothered to look up the sum spent thus far on Thaduna. Someone today has already mentioned $20M. Whether thats correct i dont know. But there surely must come a time when one has to say enough is enough. There has been little to show for that amount of money. It may take Sandfire another few hundred thousand to find the goods. It may take them another $20M. They may never find anything of significance there. Cutting your losses and moving on whilst painful is often the most prudent thing to do.