mail to the management

17 November 2009

Dear Mr Lindsay

I am writing as a concerned shareholder and on behalf of many hotcopper shareforum members.

We would like to ask you to give the market an explanation for the delay of the capital raising. We can't believe that in the current goldprice environment it would be a problem to raise capital when working on the development of a worldclass goldmine.

Is the company in financial trouble ? Are the latest JORC results too low to interest new investors ?


I will publish this email on the LRC threat at www.hotcopper.com.au and would like to ask you to allow me to publish your response as well.

Thank you very much.

Kind regards