Ann: Full Year Statutory Accounts, page-23

Hi Rafton and all,

I sold down to half of my holdings recently; however, as they have at last started to tackle the problem of getting rid of the dead wood in their main office I will give Bill the benefit of the doubt.

Maybe if he sets the company targets they might actually meet them for a change!

Given the bonanza grades and all the general pulses for this kind of mine it’s difficult to see why they can’t produce ounces of gold and make a reasonable profit, it is after all the original intent or at least I believed so.

In my own private business I have to find the customers, build what they want, collect their money and then support my goods going forward. Not all that difficult and something I did for over twenty years. Here all they have to do is get the stuff out of the ground and sell it into a market that is there 24-7 at the prevailing price. Certainly a long way from rocket science.

Please don’t get me wrong I also get a warm and fuzzy feeling when I see all those trees we have planted and the coffee plantations we have helped to start and the children that are getting an education and health benefits; however, if it’s not too much trouble I really would not mind seeing some of the Gold production numbers that have been promised for so long now!

Cheers and very best regards: Andy