Ann: Board Changes, page-100

Nht, I would love for there to be transparency from all parties involved. I think you misunderstood me in that. But it comes down to the character of the BOD to what they release.

5% isn't enough. We would need a huge amount. At least 20%-25% but higher the better. Which means top shareholders.

What I'm trying to say is to organise this is a lot of effort. Will no clear benefits. I have been watching HDY's efforts. And I have seen no results. They don't have a deciding vote. The ASX and BOD are not telling them anything new. They decided a new board without the power to elect them or even remove the old one. They are in the exact same position. All they can do is call for a spill of the board. It must be quite frustrating.

Do not forget every shareholder has a voice already. I'm pretty sure most of us in both companies used it at the last shareholder meeting. The outcome was 90% in favour of all resolutions. In other words combined or individual our voices were not enough.

More importantly as well, with a new BOD, I see even less reason at the moment to go down that track. For the moment these guys are making the right moves.