Ann: Admission to Trading on the London Stock Exchange, page-41

Hi MBG,

Thanks for the update. Glad you were impressed with MOD. That is part of the problem with making observations at a distance. Talking direct is always preferable. The thing that has concerned me, is MOD may have taken on too many targets at once and this has resulted in slightly disjointed results. Delays with receiving assays and reporting on them has also added to some confusion. It is certainly not clear whether recent results are implying anything of economic significance and whether MOD are impressed with them or are simply moving on to T20? Maybe you can shed some light here after talking with them?

T20 is the region we are all waiting for, so hope they hit. As you say, anything significant here should put a strong bid under the price.

GLTA.