Ann: Hits up to 129g/t Au Point to Southern Extensions at Rothsay, page-11

Actually quite a lot has changed fundamentally for EGA over the year, all of it positive. We have the updated MRE, a DFS, more drilling on going to the south that was blocked because of the old graveyard, hiring of key people, and finally a decision to mine. Everything EGA said they would do over the year they have done and is better than expected.

Despite all of this progress the SP has gone backwards - some of it is a sector issue (gold is not hot), but one area that could be improved is market communication. Unfortunately people get bored if they hear nothing and sell. I know a huge amount of activity is going on at Rothsay, but we only hear about it sporadically. It does not matter to me on a fundamental level as I would rather see management concentrate on real work, but if we have EGA stolen from us by some predator purely because the SP was allowed to slide too far I won't be happy.

I think it is important to get the SP up over 30c not so I will be wealthier on paper, but so EGA is not such a vulnerable target for some company looking to add oz on the cheap. Someone buying Rothsay for 35c a share would be a disaster.