Ann: Sipa Reaches Agreement to Divest Thaduna, page-29

G'day Peter.

" I'd like to see a shake up of the Board with the dead wood resigning as they have been irrelevant for some time now."

I tried to get the board reduced in size at the AGM by voting off a couple of board members but I had little support on that proposal.

" We have moved from an approach which had multiple supposedly great prospects around the country, which mysteriously just faded into oblivion without explanation as interest went elsewhere."

That is what worries me. I can see the same thing happening in Uganda when slowly they come to the realisation that all that promising data means little when they can't find anything.

Everyone seems to now be of the thinking that Uganda is almost a certainty when really nothing has been proven at all. We have some great images but they do not make a mine OR EVEN A GOOD DISCOVERY. We all thought that Thaduna was a cert at one stage and now look at us.

Lockitt