Ann: Appendix 3B - Amended , page-2

I just read this. Company has created 25 million options at 8 cents to the 'private people' who lent $4 mill.

So, at 12 cents share price, when options created, at 8 cents options, actually gifts 25 mill x 4 cents = $1 mill cash for giving a loan....

on top of whatever interest rate is being paid.

So KGM are paying over 30% interest to get $4 mill for six months.

Very poor form to the shareholders. Very poor form.

In the past KGM did the right thing always by shareholders. Now we have $millions for insider mates.

Very, very poor form.