hughenden exploration target delayed, page-13

5h - " somtimes we are told things in confidence " . If that means mgt or a broker has told you what a shareholder
has done I would take a very dim view of such an act. There are disclosure laws in place I hope I don't have to explain them here.

You are very good with your analysis of drill results and feasibility studies, stick to what you are good at and leave the corporate espionage theories to the crackpots.

TN