Ann: Capital Raising Update and Consultant Appointment, page-5

Hi 71c4 and all,

Sorry mate no plans for a takeover just yet it was just a clean-up from a larger order yesterday.

This stock is extremely tightly held and prising them out of the remaining free float in the market is not easy. If my calculations are correct something like 88% of these shares are held by the top twenty shareholders. There are a number of in the money options that could be exercised in the coming months; however, I have a strong feeling that these shares will not be joining the remaining free float of shares currently in the market.

Of course depending if you are a glass half full or half empty kind of person tightly held can also be read as extremely illiquid; and no doubt until we hear more news this will be the case.

As I believe most people in this stock are taking a medium to longer term view I don’t see the share liquidity as a major problem.

My decision to pay up the few extra shillings to complete my last order was more to do with my thoughts on the current and future Gold price rather than anything else.

Cheers and very best regards: Andy