Ann: May Investor Presentation, page-7

Impressive presentation. Looks like there is some nervous nellies out there- their loss- more of an opportunity for the smart ones to accumulate.. Just got off the phone to a few contacts and they will definitely be excersising the option but will be doing it on Monday to give the company the full 28 days to get funding sorted. Announcement will be out either tomorrow or Monday that after 12 months of due diligence - MYL will be exercising the the option to buy Bawdwin. Argonaut and MYL management will be on the east coast of Australia on a 4 day promotional/deal road show next week- seeing around 20 of the best funds in Australia... Have also heard there is big interest for this thing out of London. I must say I have been very impressed with John Lamb and the boards progress in the last 12 months. Very much looking forward to the next few days and coming month. The company is a few days away from being the most de-risked investment proposition it has been.